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Europe Daily Bulletin No. 8964

9 June 2005
Contents Publication in full By article 11 / 35
GENERAL NEWS / (eu) eu/ecofin
Juncker welcomes good effort made by Netherlands, which should serve as example to those at risk of undergoing excessive deficit procedures

Luxembourg, 08/06/2005 (Agence Europe) - It comes as no surprise that on Tuesday the Ecofin Council decided to cancel excessive debt procedures against the Netherlands, which we begun in June 2004. The Council has observed the deficit's fall from 3.2% in 2003 to 2.3% of GDP in 2004 and that prospects for 2005-06 are good (2% and 1.6%) and has therefore decided to follow the Commission's recommendation. Addressing the press, the president of the Council, Jean-Claude Juncker highlighted the...

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GENERAL NEWS