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Europe Daily Bulletin No. 8959

2 June 2005
Contents Publication in full By article 22 / 46
GENERAL NEWS / (eu) eu/economy
Public finance in 2005 will depend on correct application of revised stability pact rules

Brussels, 01/06/2005 (Agence Europe) - After consecutive three year deterioration, the average level of public deficit in euro zone Member States has gone from 2.8% of GDP in 2003 to 2.7% in 2004, according to a report for 2005 by the Commission on public finance presented on 1 June. In the EU25, the average fell from 2.9% to 26%. However, in 2004, the year was dominated by reform of the Stability and Growth Paste, the deficits of the four major states of the euro zone (France, Germany,...

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