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Europe Daily Bulletin No. 8682

7 April 2004
Contents Publication in full By article 10 / 50
GENERAL NEWS / (eu) eu/emu
Commission to launch procedures to avoid excessive public deficit in Italy and Netherlands

Brussels, 06/04/2004 (Agence Europe) - At the same time as the presentation of its Spring economic forecasts, the European Commission will launch procedures on Wednesday to avoid excessive public deficits in at least two Member States, Italy and the Netherlands. The Commission could also recommend that Greece and the United Kingdom take measures to come into line with provisions of the Stability and Growth Pact on the ceiling of 3% of GDP for public deficit.

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