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Europe Daily Bulletin No. 8418

12 March 2003
Contents Publication in full By article 13 / 52
GENERAL NEWS / (eu) eu/stability pact
Excessive deficit procedure could shortly be initiated against France

Brussels, 11/03/2003 (Agence Europe) - After confirmation by INSEE, the French national statistics office, on Tuesday that the French public debt had, in 2002, reached the 3% threshold of Gross Domestic Product (GDP) fixed by the Stability Pact, excessive deficit procedure could be initiated against Paris in the near future. After Germany and Portugal, France would thus be the third Member State of the euro zone to have such disciplinary action taken against it. According to Community...

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ECONOMIC INTERPENETRATION