Brussels, 08/06/2010 (Agence Europe) - On Monday 7 June, the Eurogroup called for further effort on budgetary consolidation. In a statement on the fiscal policy guidelines for 2011 for eurozone member states, the 16 countries pledge to act on indebtedness, a strategy which is equally applicable to all 27 EU members, as similar conclusions adopted by the Ecofin Council on Tuesday 8 June testify.
In 2009, the average deficit of the euro area worsened by 4.3 percentage points, reaching 6.3% of...