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Europe Daily Bulletin No. 8975

23 June 2005
Contents Publication in full By article 11 / 35
GENERAL NEWS / (eu) eu/emu
Commission launches excessive deficit proceedings against Portugal and approves Portuguese stability programme for 2005-2009

Brussels, 22/06/2005 (Agence Europe) - As announced, on Wednesday the European Commission examined the report by the Commissioner for Economic and Monetary Affairs, Joaquin Almunia, on the budgetary situation in Portugal and the multi-annual stability program recently forwarded by Lisbon. After the elections in Portugal, the new government wanted to send an amended version of the updated stability program for 2005-2009, in order that the Commission's analysis of this country could take place...

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