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Europe Daily Bulletin No. 10017

12 November 2009
GENERAL NEWS / (eu) eu/economy
Commission sets new deadlines for correcting budget deficits - Greece enters new stage in proceedings

Brussels, 11/11/2009 (Agence Europe) - On Wednesday 11 November 2009, the European Commission adopted several recommendations on the correction of budget deficits under the budgetary surveillance powers conferred by the EU Treaty. The fourteen Member States concerned are at varying stages of the excess deficit correction procedure and will have to step up their correction measures in 2011 at the latest. The scale of the annual adjustment required and the timetables for bringing the public...

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