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Europe Daily Bulletin No. 8373

8 January 2003
Contents Publication in full By article 11 / 23
GENERAL NEWS / (eu) eu/stability pact
Germany must reduce its deficit witin five months

Brussels, 07/01/2003 (Agence Europe) - In the recommendations it is preparing to make on Wednesday over the German budget deficit and that will then have to be approved by the EcoFin Council of 21 January, the European Commission, having noted the existence of an "excessive deficit" (thus, exceeding 3%) in 2002, is to call on Berlin to implement "urgent and deep" reforms "by end-May at the latest" to increase the country's "very weak growth potential".

The Commission should also note that...

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