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Europe Daily Bulletin No. 11682

6 December 2016
ECONOMY - FINANCE - BUSINESS / Economy
Eight eurozone countries told to introduce measures in respect of Stability and Growth Pact
Brussels, 05/12/2016 (Agence Europe)

On Monday 5 December, Eurogroup endorsed the European Commission’s recommendations on the planned 2017 budgets sent in by eighteen eurozone nations.  Since Greece is subject to a financial bailout plan, it is covered by different procedures.

The budget plans of eight countries risk infringing the Stability and Growth Pact (see EUROPE 11669).  Six others – Belgium, Italy, Cyprus, Lithuania, Slovenia and Finland – are within the ‘preventive’ arm of the SGP (deficit below 3% of...

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