The recommendation proposed on 4 March provides that Romania should pursue a credible and sustainable adjustment path with a view to putting an end to the excessive deficit by 2022, at the latest. The decisions follow the adoption of the Commission's Art. 126(3) Report, which found that Romania has failed to comply with the deficit criterion of the Treaty and that the opening of an Excessive Deficit Procedure is therefore warranted. The Economic and Financial Committee shared this assessment in its Opinion of 24 February 2020.The next step is for the Council to decide on the existence of an excessive deficit in Romania and to adopt its recommendation on the adjustment path and the deadline to end the excessive deficit situation. The full documents are available here.