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Europe Daily Bulletin No. 8530

29 August 2003
Contents Publication in full By article 18 / 22
GENERAL NEWS / (eu) eu/stability pact
Pedro Solbes not convinced that France will cut its deficit to less than 3% GDP in 2004

Brussels, 28/08/2003 (Agence Europe) - Following his meeting with Jean-Pierre Raffarin (see yesterday's EUROPE, p. 4), Commissioner Pedro Solbes told Europe 1 that he was not convinced that France would cut its public deficit to less than 3% of GDP in 2004. He is reported by AFP to have said that France is in an excess budget situation and risked breaking through the 3% ceiling in 2004 as well. Solbes highlighted the need to make the necessary efforts, but said he generally approved of...

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