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Europe Daily Bulletin No. 8995

21 July 2005
Contents Publication in full By article 17 / 48
GENERAL NEWS / (eu) eu/emu
Commission recommends giving Portugal three years in which to improve public finance in compliance with Stability Pact

Brussels, 20/07/2005 (Agence Europe) - On Wednesday, the European Commission adopted an opinion noting the existence of excessive deficit in Portugal, as well as recommendations calling on the Ecofin Council, to which the dossier will be referred on Tuesday 11 October in Luxembourg, to allow Portugal three years in which to bring its deficit down below the 3% of GDP mark fixed by the Stability and Growth Pact (EUROPE 8994). Also, Portugal should put an end to the deterioration of its public...

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THE DAY IN POLITICS
GENERAL NEWS