The European Commission could next year open budgetary procedures for several countries. In early 2024, the deficit and debt criteria will apply again, including with the reform of the Stability and Growth Pact.
"Given the uncertainty surrounding the macroeconomic outlook, the Commission does not intend to open new excessive deficit procedures at this stage," says Valdis Dombrovskis. "There will be several," assured the Commission's executive vice-president. "The likelihood of Brussels moving forward on procedures is real"