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Europe Daily Bulletin No. 8949

19 May 2005
Contents Publication in full By article 13 / 46
GENERAL NEWS / (eu) eu/emu
Commission recommends repealing excessive deficit procedure against Netherlands - Procedures against Italy and Portugal ? - Italian growth rate falls in 2005

Brussels, 18/05/2005 (Agence Europe) - On Wednesday, the European Commission decided to recommend that the Council close excessive deficit procedure begun on 2 June 2004 against the Netherlands. The Dutch deficit, which was 3.2% at the time, was finally reduced to 2.3% in 2004, one year before the deadline set by the EU finance ministers. The case of the Netherlands shows that budgetary improvements implemented in a determined manner can rapidly bring lasting results, a press release from...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION