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Europe Daily Bulletin No. 8612

23 December 2003
Contents Publication in full By article 18 / 44
GENERAL NEWS / (eu) eu/stability pact
Hans Eichel says it will not be easy for Germany to resolve its budget overspend in 2005

Brussels, 22/12/2003 (Agence Europe) - German finance minister Hans Eichel says it will not be easy for Germany to meet the commitment it made at the November 2003 Ecofin Council bring its budget deficit back below the 3% of GDP limit by 2005. In an interview with Monday's edition of Die Welt, Eichel said it would be tough but the promise still held. The German government is forecasting a budget deficit of 3.5% of GDP in 2004, in excess of the ceilings set under the Stability Pact for the...

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