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Europe Daily Bulletin No. 7878

11 January 2001
Contents Publication in full By article 19 / 63
GENERAL NEWS / (eu) eu/economy
Sweden's updated convergence programme (on which the Ecofin Council will give its position on 19 January) meets all the convergence criteria except rate of exchange, notes the Commission

Brussels, 10/01/2001 (Agence Europe) - On Wednesday, the European Commission adopted a recommendation on the updated Swedish convergence programme for the period 2000-2003. It reached the conclusion that Swedish "comfortably" fulfils the convergence criteria on the government budgetary position, inflation and interest rate, but does not fulfil the exchange rate criterion. On this, the Commission stresses "Sweden is expected to decide to join the ERM2 in due course". It also notes that...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION