European Commission 25 November 2025, REPORT FROM THE COMMISSION Germany and Finland Report prepared in accordance with Article 126(3) of the Treaty on the Functioning of the European Union

EUROPEAN COMMISSION Brussels, 25.11.2025 COM(2025) 950 final REPORT FROM THE COMMISSION Germany and Finland Report prepared in accordance with Article 126(3) of the Treaty on the Functioning of the European Union 1.Introduction Article 126 of the Treaty on the Functioning of the European Union (TFEU) lays down the excessive deficit procedure.