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Image header Agence Europe
Europe Daily Bulletin No. 8404
Contents Publication in full By article 13 / 39
GENERAL NEWS / (eu) eu/stability pact

Commission believes Portugal must overcome considerable difficulties this year to bring deficit down to 2.4% of GDP, and Luxembourg is suffering deterioration in government accounts

Brussels, 19/02/2003 (Agence Europe) - On Wednesday, the European Commission adopted its recommendation on Portugal's updated Stability Programme covering the period 2003-2006 in which it considers that the country should overcome considerable difficulties in 2003 in order to bring the deficit down to 2.4% of GDP. In its recommendation adopted the same day on Luxembourg's updated Stability Programme for the period 2001 to 2005, the Commission expresses concern about the sharp deterioration...

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