98/315/EC: Council Decision of 1 May 1998 abrogating the Decision on the existence of an excessive deficit for the United Kingdom

• Articles: 3

Article 1

From an overall assessment it follows that the excessive deficit situation in the United Kingdom has been corrected.

Article 2

The Council Decision of 26 September 1994 on the existence of an excessive deficit in the United Kingdom is hereby abrogated.

Article 3

This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland.

Done at Brussels, 1 May 1998.

For the Council

The President

G. BROWN

(1) OJ L 332, 31. 12. 1993, p. 7.

(2) Council recommendations of 7 November 1994, 24 July 1995, 16 September 1996 and 15 September 1997.