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Europe Daily Bulletin No. 8885

10 February 2005
Contents Publication in full By article 13 / 34
GENERAL NEWS / (eu) eu/emu
Commission gives formal notice to Greece to bring deficit below 3% by end 2006

Brussels, 09/02/2005 (Agence Europe) - As prescribed in the procedure of the Stability and Growth Pact, the Commission adopted a recommendation on Wednesday on the basis of Article 104(9) of the Treaty, which gives formal notice to Greece to correct its excessive budgetary deficit by end 2006, the spokesman's service for President Barroso announced. The step taken on Wednesday is the logical continuation of the decision taken by finance ministers during the last Ecofin Council, when they had...

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