Since July of this year and for the first time since 2002, no euro area Member State is under the Excessive Deficit Procedure. The euro area debt-to-GDP ratio is expected to continue its declining path of recent years and to fall from about 86% in 2019 to about 85% in 2020. This is happening against the backdrop of a weakening European and world economy. Following the recent Autumn 2019 Economic Forecast and consultations with the Member States, the Commission has adopted its Opinions on the Draft Budgetary Plans of all euro area countries. It has found that no Draft Budgetary Plan for 2020 shows particularly serious non-compliance with the requirements of the Stability and Growth Pact. The Draft Budgetary Plans of Nine Member States – Germany, Ireland, Greece, Cyprus, Lithuania, Luxembourg, Malta, the Netherlands and Austria – are compliant with the Stability and Growth Pact in 2020; two Member States – Estonia and Latvia –  are broadly compliant and for eight Member States – Belgium, Spain, France, Italy, Portugal, Slovenia, Slovakia and Finland – the Plans pose a risk of non-compliance with the Stability and Growth Pact next year.