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Europe Daily Bulletin No. 8505

16 July 2003
Contents Publication in full By article 16 / 39
GENERAL NEWS / (eu) eu/eurogroup
Commission expects growth of 0.75% this year

Brussels, 15/07/2003 (Agence Europe) - During the discussion on the general economic situation, Commissioner Pedro Solbes informed the Eurogroup that the rate of growth in the euro zone should reach 0.75% in 2003 (as opposed to 1% according to the latest Commission forecasts). "We are doing away with the word deflation in our vocabulary and software" - such is the key message of discussions by the president of the Eurogroup, Giulio Tremonti. In his view, "it is not logical to speak of...

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