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Europe Daily Bulletin No. 8374

9 January 2003
GENERAL NEWS / (eu) eu/stability pact
Commission adopts recommendations on updated stability programmes of Germany, France, Italy, Greece and Finland and on Sweden's convergence programme - Commission calls on Council to note Berlin's situation of "excessive deficit"

Brussels, 08/01/2003 (Agence Europe) - As expected (see yesterday's EUROPE, p.11), on 8 January the European Commission adopted a recommendation urging the EcoFin Council of 21 January to decide that Germany certainly is in a situation of excessive budgetary deficit. Also, it presented recommendations in view of opinions by the same Council on Germany's updated stability programme (2002-2006) , as well as those of France (2004-2006), Italy (2004-2006), Greece (2002-2006) and Finland...

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