Application of the Protocol on the excessive deficit procedure annexed to the EC Treaty. Codification

The European Parliament adopted, by 643 votes to 13 with 21 abstentions, under the consultation procedure, a legislative resolution approving the proposal for a Council regulation on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community (codified version). The report had been tabled for consideration in plenary by Diana WALLIS (ALDE, UK) on behalf of the Legal Affairs Committee. The Commission proposal was approved as adapted to the recommendations of the Consultative Working Party of the Legal Services of the European Parliament, the Council and the Commission.