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Europe Daily Bulletin No. 8796

30 September 2004
Contents Publication in full By article 10 / 31
GENERAL NEWS / (eu) eu/economy
Greece should not lose benefit of Cohesion Fund payments in 2004 if it sets out correcting measures for excessive deficit

Brussels, 29/09/2004 (Agence Europe) - Speaking to the press, the spokesperson for the European Commissioner for Economic and Monetary Affairs said on Wednesday that possible suspension of Cohesion Fund aid to Greece "cannot be discussed before the month of November" at the Ecofin Council (Ed.: 16 November). According to the Cohesion Fund rules of procedure, a Member State can lose the advantage of amounts allocated to it if it does not comply with the 3% deficit criterion. For 2004, Greece...

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