Explanatory Memorandum to COM(2011)821 - Common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the euro countries

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52011PC0821

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area /* COM/2011/0821 final - 2011/0386 (COD) */