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Europe Daily Bulletin No. 8714

28 May 2004
Contents Publication in full By article 31 / 33
GENERAL NEWS / (eu) eu/stability pact
Austria suggests further sanctions

Brussels, 27/05/2004 (Agence Europe) - According to Thursday's edition of the German daily, Süddeutsche Zeitung, Austrian finance minister, Karl-Heinz Grasser, is seeking tougher rules for the stability and growth pact. Sanctions proposed include temporarily withdrawing voting rights from Member States in the European Union whose public deficits go above the 3% of GDP reference value for a sustained period.

The European Commission has welcomed this "commitment from ministers" of the EU in...

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