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Europe Daily Bulletin No. 12373

21 November 2019
ECONOMY - FINANCE - BUSINESS / Economy
Eight euro area countries invited to make additional budgetary efforts
Brussels, 20/11/2019 (Agence Europe)

The European Commission did not reject any draft budgetary plan for 2020 submitted in mid-October by the 19 euro area countries on Wednesday 20 November. It simply asked eight of them – Belgium, Spain, Finland, France, Italy, Portugal, Slovenia, Slovakia – to make additional efforts by next spring as part of the normal budgetary examination procedure, considering that their draft budgetary plan contains a “risk of non-compliance with the Stability and Growth Pact”.

As no eurozone...

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