GENERAL NEWS / (eu) eu/emu

Report on public finances of Fifteen presented by Solbes indicates criteria to be respected for reducing taxes without danger and affirms that fall in tax burden on income amounting to 1% of GDP would create one and a half million jobs in ten years

Brussels, 23/05/2000 (Agence Europe) - After many failed budgetary policies of the EU Member States since the early seventies and the improvement of their public finances since 1992-93 under the effect of the Maastricht convergence criteria, the aim of budgetary situations that are close to balance or in surplus is now within reach. However, in order to achieve this, the Member States should continue to maintain a "responsible" attitude even in this period of economic growth, and should...