ECONOMY - FINANCE - BUSINESS / (ae) economy

Malta and Poland no longer have excess deficit levels

Luxembourg, 19/06/2015 (Agence Europe) - On 19 June 2015, the Ecofin Council closed the excessive deficit procedures for Malta and Poland (see EUROPE 11314).

Malta's public deficit is expected to be reduced to 2.1% of GDP in 2014 and 1.8% in 2015, and its public debt to continue to fall from its peak of 68% of GDP in 2014. Poland's deficit reached 3.2% of GDP in 2014 and is expected to fall to 2.8%, below the 3% cut-off point, in 2015.

Nine member states (Croatia, Cyprus, Spain, Greece,...