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Europe Daily Bulletin No. 8633

29 January 2004
Contents Publication in full By article 14 / 44
GENERAL NEWS / (eu) eu/emu
Commission believes French deficit could exceed 3% of GDP in 2005, and finds Italy's stability programme scarcely credible - United Kingdom in delicate position

Brussels, 28/01/2004 (Agence Europe) - On Wednesday, the European Commission adopted recommendations on the stability programmes of six Member States and the United Kingdom's convergence programme. Substantially, the Commission's view is that: France will struggle to bring its public deficit below the 3% of GDP mark in 2005; -Italy's programme seriously lacks credibility; -the United Kingdom is not protected by an excessive deficit procedure; -Greece's macro-economic forecasts are too optimistic,...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS