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Europe Daily Bulletin No. 8707

15 May 2004
Contents Publication in full By article 18 / 40
GENERAL NEWS / (eu) eu/emu
On Wednesday Commission to launch procedure on excessive debt against Netherlands and United Kingdom, report on Greece

Brussels, 14/05/2004 (Agence Europe) - Following the adoption at the end of April of a report on the Dutch budgetary situation, the European Commission will officially launch an excessive deficit procedure against the Netherlands, whose public debt has risen to 3.2% of GDP in 2003 and is in danger of rising further in 2004-05. On the other hand it will not be opening proceedings against the United Kingdom as the British public deficit, which was above 3% of GDP in 2003 (3.2%) is expected to...

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