Friday, 11 June 2010

Deficit reduction in Greece: Official publication

There is a striking difference between financial markets and news reporting operating globally around the clock on the one hand, and the complex task of officially publishing information about the European Union in all the languages on the other hand.

One month ago the EU Council made a decision on fiscal surveillance and deficit reduction in Greece. Today the Council Decision has been published in the Official Journal of the European Union (OJEU):



COUNCIL DECISION of 10 May 2010 addressed to Greece with a view to reinforcing and deepening fiscal surveillance and giving notice to Greece to take measures for the deficit reduction judged necessary to remedy the situation of excessive deficit; OJEU 11.6.2010 L 145/6.


Timely information

Even if OJEU publication is slow, there are quicker ways to access information.



The European Commission’s D-G Economic and Financial Affairs offers country-specific web pages on excessive deficit procedures (under the general headline of the Stability and Growth Pact). We find a chronological listing of EDP actions concerning Greece, including the latest Council Decision of 10 May 2010.

The Council pages I checked were less easy to navigate and not as up to date.




Ralf Grahn