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Image header Agence Europe
Europe Daily Bulletin No. 11314
ECONOMY - FINANCE - BUSINESS / (ae) economy

States play musical chairs in excessive deficit procedure

Brussels, 13/05/2015 (Agence Europe) - On Wednesday 13 May, the European Commission recommended to the Council that it close the excessive deficit procedure for Poland and Malta, whilst a similar procedure may be opened for Finland. The United Kingdom, which has failed to take effective action, will have to stay in for another two years, until the financial year 2016-2017, a new deadline proposed by the Commission to get things back under control. For France, the verdict is expected on 10...