SECTION 3

The excessive deficit procedure shall be held in abeyance: if the Member State concerned acts in compliance with recommendations made in accordance with Article 104c (7), if the participating Member State concerned acts in compliance with notices given in accordance with Article 104c (9). The period during which the procedure is held in abeyance shall be included neither in the ten month period referred to in Article 7 nor in the two month period referred to in Article 6 of this Regulation. The Commission and the Council shall monitor the implementation of action taken: by the Member State concerned in response to recommendations made under Article 104c (7), by the participating Member State concerned in response to notices given under Article 104c (9). If action by a participating Member State is not being implemented or, in the Council's view, is proving to be inadequate, the Council shall immediately take a decision under Article 104c (9) or Article 104c (11) respectively. If actual data pursuant to Regulation (EC) No 3605/93 indicate that an excessive deficit has not been corrected by a participating Member State within the time limits specified either in recommendations issued under Article 104c (7) or notices issued under Article 104c (9), the Council shall immediately take a decision under Article 104c (9) or Article 104c (11) respectively.

← art_8__text_1 · All articles · Article 9 →

Source: EUR-Lex (Cellar) · retrieved 2026-11-02 · Text as adopted (Official Journal); later amendments are not incorporated in this text.