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Europe Daily Bulletin No. 8305

26 September 2002
GENERAL NEWS / (eu) eu/emu
Budgetary balance report in 2006 could divide Member States during Eurogroup and Ecofin councils in October

Brussels, 25/09/2002 (Agence Europe) - The Commission's suggestion of postponing the deadline for budgetary balance to 2004 or 2006 at the very most, was debated by the College of Commissioners on Tuesday. It was welcomed by France and Italy but could divide Member States during the next EUROGROUP meeting on 6 October and at the ECOFIN Council on 7 October in Luxembourg (see EUROPE yesterday p 7). Countries like Spain, the Netherlands and Finland support the need for strict budgetary...

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