login
login

Europe Daily Bulletin No. 10622

30 May 2012
ECONOMY - FINANCES / (ae) economy
Deadlines for excess deficit rectification

Brussels, 29/05/2012 (Agence Europe) - The deadlines set by the ECOFIN Council for deficit correction by the member states (reducing their deficits to below the 3% of GDP cut-off point) are: - 2011: Bulgaria (European Commission's May 2012 deficit forecasts: 1.9% in 2012, 1.7% in 2013 under current policy), Hungary (2.5% in 2012, 2.9% in 2013), Malta (2.6% in 2012, 2.9% in 2013); - 2012: Belgium (3% in 2012, 3.3% in 2013), Cyprus (3.4% in 2012, 2.5% in 2013), Italy (2% in 2012, 1.1% in...