EU Commission recommends closing excessive deficit procedure for Greece

[July 12, 2017]  BRUSSELS (Reuters) - The European Commission recommended on Wednesday the end of disciplinary procedures against Greece over its excessive deficit after improvements in its fiscal position, a new sign of the country's recovery that could help it return to markets soon

 A one Euro coin is seen in this picture illustration taken in Rome, Italy July 9, 2015. REUTERS/Tony Gentile

"Our recommendation to close the excessive deficit procedure for Greece is another positive signal of financial stability and economic recovery in the country," EU Commission Vice President Valdis Dombrovskis said in a statement.

(Reporting by Robert-Jan Bartunek; editing by Francesco Guarascio)

[© 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.