The Commission has taken a number of steps under the Stability and Growth Pact (SGP). The Commission recommended on 23 May that the Excessive Deficit Procedure be closed for France. This would leave only one Member State (Spain) in the corrective arm of the Pact, down from 24 countries in 2011. The Commission also adopted reports for Belgium and Italy, in which it reviewed their compliance with the debt criterion of the Treaty, finding Italy currently compliant while lacking sufficiently robust evidence to conclude that Belgium did not comply with preventive arm requirements. The Commission addressed a warning to Hungary and Romania on the existence of a significant deviation from the adjustment path toward the medium-term budgetary objective (MTO) in 2017. The Commission also concluded in its Opinion of the updated Draft Budgetary Plan (DBP) for Spain that the country is broadly compliant with the requirements under the SGP since the Commission's Spring 2018 forecast projects that Spain's headline deficit will be below the Treaty reference value of 3% of GDP in 2018. Regarding flexibility under the existing rules of the SGP, the Commission concluded that the key objectives of its guidance and of the Commonly Agreed Position on Flexibility have been met.