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Europe Daily Bulletin No. 8812

22 October 2004
GENERAL NEWS / (eu) eu/eurogroup
No consensus on coordinated action in response to high oil prices, or on strengthening powers of Eurostat - States pledge to keep deficits below 3% in 2005 - Commission will re-assess impact of sharp rise in oil prices

Luxembourg, 21/10/2004 (Agence Europe) - The somewhat pessimistic outlook of medium-term oil prices have made ministers in the euro-zone tackle the matter although it was not one of the points on the Eurogroup agenda for Wednesday evening in Luxembourg. The main cause for concern with regard growth - the persistent high prices per barrel of crude oil - should not be countered by unilateral measures by Member States, ministers restated. It was, however, because of a measure envisaged by the...

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