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Europe Daily Bulletin No. 8734

25 June 2004
Contents Publication in full By article 15 / 33
GENERAL NEWS / (eu) eu/emu
Commission calls for excessive deficit proceedings against 7 Member States

Brussels, 24/06/2004 (Agence Europe) - On Thursday, the Commission adopted recommendations calling upon the Council to open excessive deficit proceedings (probably on 5 July) against Greece, Czech Republic, Poland, Hungary, Slovakia, Cyprus and Malta. It calls upon the new Member States to bring their deficit below 3% by sticking to the timetables they submitted in their convergence reports (not as of 2005). Greece, however, has four months to take corrective actions to bring its deficit...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS