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Europe Daily Bulletin No. 10139

13 May 2010
Contents Publication in full By article 11 / 31
GENERAL NEWS / (eu) eu/emu
New excessive deficit proceedings

Brussels, 12/05/2010 (Agence Europe) - The European Commission has published a raft of reports on application of the Stability and Growth Pact to Bulgaria, Cyprus, Finland and Luxembourg based on Article 126.3 of the EU Treaty. The reports examine whether the national deficits of the countries in question are close to the 3% of GDP maximum and whether any overshoot is exceptional and temporary. Only Luxembourg meets the criteria, expecting to have a deficit of 3% in 2010, explains the...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
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