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Europe Daily Bulletin No. 8294

11 September 2002
A LOOK BEHIND THE NEWS /
Polemic, imprecision and sometimes contradictory declarations on budgetary deficits and respect for "Maastricht criteria" have creadted a confused and unhealthy situation - It is urgent to re-establish clarity

Ignorance and reticence. Interminable discussions on budgetary deficits, the application of the "Maastricht criteria", the calendar for the generalised realisation of national budgetary balances etc., create the impression for the moment of a saga of ignorance and a discourse that is non-committal. Many of those who speak or write appear to have just discovered EMU rules and are not aware, for example, of a certain flexibility in the calculation of the ceiling (3%) in the budgetary deficits...

Contents

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