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Europe Daily Bulletin No. 8890

17 February 2005
Contents Publication in full By article 10 / 39
GENERAL NEWS / (eu) eu/emu
Joaquin Almunia says March pact reform is necessary - Hans Eichel asserts that procedures for excessive deficit should only be triggered in event of serious shortcomings in Member States

Brussels, 16/02/2005 (Agence Europe) - On Wednesday the European Commissioner for Economic Affairs reaffirmed to the press that an agreement on reform of the Stability and Growth Pact was needed at the Ecofin Council on 8 March because they “could not allow this discussion to be strung out in 2005”. Alumina believes that three essential points are still pending, notably the point on which Hans Eichel highlights in his letter to Jean-Claude Juncker (see below), namely: how to decide when...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
SUPPLEMENT