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Europe Daily Bulletin No. 8140

31 January 2002
GENERAL NEWS / (eu) eu/ecofin
Solbes wants to play down scope of triggering early warning regarding Germany and Portugal's deficits, while hoping that Council acts as credibility of Stability Pact depends on it

Brussels, 30/01/2002 (Agence Europe) - As we thought and announced on several occasions, in the framework of assessing the updated stability and growth programmes of eight Member States (France, Germany, Portugal, Greece, Italy, Ireland, Spain and the United Kingdom) the European Commission for the first time recommended that the EcoFin Council trigger the warning process (so-called "early warning") against Germany and Portugal due to their public deficit that is dangerously close to the...

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