OpenLegislation

Article 10

United Kingdom

Original text. Later amendments are not shown.

F11.

The Council and the Commission shall regularly monitor the implementation of action taken:

  • by the Member State concerned in response to recommendations made under Article 126(7),

  • by the participating Member State concerned in response to notices given under Article 126(9).

2.

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 126(9) or Article 126(11) respectively.

3.

If actual data pursuant to Regulation (EC) No 479/2009 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 126(7) or notices issued under Article 126(9), the Council shall immediately take a decision under Article 126(9) or Article 126(11) respectively.

Annotations

Textual amendments

F1

Substituted by Council Regulation (EU) No 1177/2011 of 8 November 2011 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.

Notes on the whole EU Regulation

Textual amendments

F2

Substituted by Council Regulation (EC) No 1056/2005 of 27 June 2005 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.