What reference values trigger the Excessive Deficit Procedure under the Stability and Growth Pact?

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Answer

A deficit above 3% of GDP or public debt above 60% of GDP.

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SGP (Arts 121 & 126 TFEU) has a preventive arm and a corrective arm (the EDP).

Consolidated TFEU (EUR-Lex) — eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:12016E/TXT

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