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Europe Daily Bulletin No. 8491

26 June 2003
Contents Publication in full By article 28 / 40
GENERAL NEWS / (eu) eu/stability pact
Commission won't support Germany if country's budget policy doesn't respect stability pact

Brussels, 25/06/2003 (Agence Europe) - On Tuesday, the European Commission confirmed that, "Germany cannot count on European Commission support" for the Schröder government's proposals for the 2004 budget "if they are incompatible" with the rules in the Stability and Growth Pact". This warning was given just when the German government is planing to cut taxes next year (which has reached EUR 18 bio) initially planned for 2005 to stimulate growth but which contains certain dangers to the...

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