(4)On 5 July 2004 the Council, upon a recommendation from the Commission, recommended in accordance with Article 104(7) TEC that the Hungarian authorities take action in a medium-term framework in order to bring the deficit below 3 % of GDP by 2008. By Decision 2005/348/ECnote taken on 18 January 2005 the Council, in accordance with Article 104(8) TEC, established that Hungary had not taken effective action in response to the Council recommendation.