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Image header Agence Europe
Europe Daily Bulletin No. 8980
Contents Publication in full By article 10 / 39
GENERAL NEWS / (eu) eu/emu

Commission recommends excessive deficit procedure in Italy and calls for structural measures as of 2006 in order to return below 3% in 2007

Brussels, 29/06/2005 (Agence Europe) - As planned, the European Commission adopted on 29 June an opinion noting the existence of excessive deficit in Italy (Article 104§5), as well as two recommendations calling on the EU Council to do the same (Article 104§6) and making it an obligation to correct the situation in 2007 at the latest (Article 104§7). The opinion forwarded by the Economic and Financial Committee (EFC) confirmed the elements contained in the report adopted on 7 June by the...

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