Brussels, 12/02/2001 (Agence Europe) - Monday's Ecofin Council adopted a recommendation proposed by the Commission (Article 99.4 of the Treaty), which stigmatises the expansionist and pro-cyclical nature of the Irish budget for the year 2001, considered lacking in conformity with the Broad Economic Policy Guidelines (BEPG).
The Council recommends that the Irish Government put an end to this non-conformity of its budget for 2001 and adopt compensatory budgetary measures. It calls on the...