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Europe Daily Bulletin No. 10745

6 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) economy
End of excess deficit proceedings against Malta

Brussels, 05/12/2012 (Agence Europe) - On Tuesday 4 December, the ECOFIN Council decided to end the excess deficit proceedings against Malta, which has brought its public deficit back below the 3% of GDP reference point in a sustainable manner. The deficit stood at 3.6% in 2010, 2.7 % in 2011 and is expected to be 2.6% this year due to one-off measures. As things stand, the European Commission expects that in 2013, the country's public deficit will be 2.9 % of GDP, and will fall to 2.6%...

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