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Europe Daily Bulletin No. 8293

9 September 2002
Contents Publication in full By article 19 / 40
GENERAL NEWS / (eu) eu/ecofin
Presidents of Eurogroup and Commission call for respect for stability pact despite economic slowdown

Copenhagen, 09/09/2002 (Agence Europe) - On Friday following a EUROGROUP meeting, Nikolaos Christopoulakis, the President of EUROGROUP declared that, "The Stability Pact must be respected whatever the circumstances. The 3% ceiling (for the deficit) must not be revised". These declarations appeared to have the quality of an incantation given that the French Minister asserted at a fringe meeting of the informal ECOFIN Council that adjustments could be necessary when looking a the lower growth...

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