Most of these countries had problems with excessive deficits, public finances and inflation.

One typical example is my country, against which the excessive deficit procedure has been opened twice in five years.

The report deals with the implementation of the excessive deficit procedure.

If there is an excessive deficit, everything possible must be done to correct it quickly, in order to safeguard growth and investment.

The Member States will be prevented from taking on excessive deficits.

For example, one achievement is that all of the excessive deficits in the euro area have been corrected.

I particularly draw attention to the emphasis his report places on the importance of economic growth as the best means to tackle excessive deficits.

Excessive deficits harm the economy by siphoning money away from capital markets.

Let us see how each Member really stands; assessment considerations should only come into the picture in the event of excessive deficit procedures.

Obviously, it is difficult to find oneself in a situation where an excessive deficit could be rescinded.

The next item is the Commission communication on the broad economic policy guidelines and excessive deficits.

Exports should strengthen as the nation comes to depend less on foreign capital to finance its excessive deficits.

The Treaty does not say that any deficit over 3.0% is an excessive deficit.

As I see it, determining what constitutes an excessive deficit depends on the reliability of the data.

In the spring of 2006 twelve Member States were going through an excessive deficit procedure.

We have also abrogated the excessive deficit procedure relating to Greece.

All the treaty means the independence of the future monetary institution and banning excessive deficits.

The Pact itself recognises that it will not always be possible to remedy excessive deficits immediately if there are special circumstances.

Does he not know of the excessive deficit position of the UK?

Deadlines and repetition of steps in the excessive deficit procedure:

Excessive deficits must be identified unambiguously and corrected rapidly.

It is the regulation on speeding up and clarifying the implementation of the excessive deficit procedure.

This is because of the introduction of a hard pro-cyclical measure to deal with the excessive deficit.

Is there any country which might see its fulfilment of the Union Treaty mechanisms on excessive deficits put at risk?

First, countries must demonstrate that they have credible plans to deal with excessive deficits, improve competitiveness and strengthen banking systems.