Coreper approves Greece’s exit from excessive deficit procedure

Greece’s exit from the excessive deficit procedure was approved at a meeting of the Permanent Representatives Committee or Coreper in Brussels on Wednesday.

This decision follows the relevant proposal by the Commission to the EU Council.

The EU General Affairs Council is expected to proceed to the official ratification of Greece’s exit from the excessive deficit procedure, which it entered in April 2009, on Monday, September 25, 2017.