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Image header Agence Europe
Europe Daily Bulletin No. 8149
Contents Publication in full By article 11 / 29
GENERAL NEWS / (eu) eu/eurogroup

Finance ministers of twelve bury early warning procedure in exchange for Berlin and Lisbon pledging safeguards against sliding off track in their public spending

Brussels, 12/02/2002 (Agence Europe) - After many hours of discussions, the economy and finance ministers of the Eurogroup, meeting under the chairmanship of Rodrigo Rato Monday evening, found a "unanimous" common position over Germany and Portugal's excessive public deficits. This compromise, that guarantees the respect of the provisions of the Stability and Growth Pact while enabling, especially Germany, to come out with its head held high from this political tussle, buries the early...

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