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Europe Daily Bulletin No. 8343

20 November 2002
Contents Publication in full By article 12 / 34
GENERAL NEWS / (eu) eu/emu
Commission gives go-ahead to proceedings to help prevent public finance in Germany and France from slipping

Brussels, 19/11/2002 (Agence Europe) - As announced by Commissioner Pedro Solbes, on Wednesday, the Commission has adopted a report on the situation regarding public finance in Germany. This constitutes the first step in the procedures involving excessive public debt as laid down in Article 104 (§ 3) of the treaty. At the same time and in keeping with the early warning system contained in the treaty and a regulation of 1997 on the implementation of the Stability and Growth Pact, the...

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