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Europe Daily Bulletin No. 8592

26 November 2003
GENERAL NEWS / (eu) stability pact
Ecofin Council decides to suspend excessive debt procedure against France and GERMANY

Brussels, 25/11/2003 (Agence Europe) - Ministers of the Economy and Finance from EU Member States have dealt a severe blow to the credibility of the Stability and Growth Pact by deciding on Tuesday in Brussels to reject the recommendations of the European Commission on the excessive debt procedure against France and Germany. In its conclusions, the Ecofin Council agreed to put the procedure "between parenthesis", while requesting budgetary efforts from the two Member States next year. The...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS