Legal provisions of SEC(2004)497 - Abrogation of the decision on the existence of an excessive deficit in Portugal - Application of Article 104(12) of the Treaty establishing the EC -

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Article 1

From an overall assessment it follows that the correction of the excessive deficit situation in Portugal was completed in 2003, under the terms of the Recommendation addressed to Portugal on 5 November 2002 in accordance with Article 104(7) of the Treaty.

Article 2

Decision 2002/923/EC is hereby abrogated.

Article 3

This Decision is addressed to the Portuguese Republic.