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Europe Daily Bulletin No. 8873

25 January 2005
Contents Publication in full By article 22 / 39
GENERAL NEWS / (eu) eu/emu
3% CEILING REMAINS BUT FACTORS SUCH AS “ENORMOUS CHALLENGE OF GERMAN UNITY” HAVE TO BE TAKEN INTO ACCOUNT, ASSERTS COMMISSIONER ALMUNIA

Brussels, 24/01/2005 (Agence Europe) - In an interview in the German newspaper Focus on 24 January, European Commissioner for economic and monetary affairs, Joaquin Almunia, said that nobody was questioning the ceiling for the budgetary deficit of 3% for the Stability and Growth Pact. However, the Commissioner explained that when they were deciding on the financial situation of a country, all factors should be considered, including German unity. He asserted that they should assess permanent...

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