10/12/2014 (Agence Europe) - Agreement on 2015 deficit reduction target. On Tuesday 9 December, the Romanian government and representatives of the European Commission and the IMF reached agreement on the Romanian deficit reduction target for 2015, which has been set at 1.83% of GDP in nominal terms. This is described as being coherent with the target of a 1% structural deficit (not including cyclical effects) and will accommodate a faster absorption of EU Structural Funds, explains the...