Brussels, 28/01/2014 (Agence Europe) - On Tuesday 28 January, the Ecofin Council decided to launch excess deficit proceedings against Croatia.
Zagreb is urged to correct its deficit by 2016 and must demonstrate by the end of April this year that it is already taking action to this effect. The measures it is taking will be assessed by the European Commission in the spring, said Euro Commissioner Olli Rehn on Tuesday 28 January 2014.
Croatia's public deficit will be above the 3% of GDP...