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Europe Daily Bulletin No. 9043

7 October 2005
Contents Publication in full By article 12 / 39
GENERAL NEWS / (eu) eu/emu
Almunia denounces accounting ruses used by Member States to hide deficits and takes stance in favour of coalition between CDU/CSU and SPD, in Germany

Brussels, 06/10/2005 (Agence Europe) - It would seem that Member States' accounting “creativity” knows no bounds, Joaquin Almunia notes, denouncing the budgetary dodges recommended to the government by private sector banks for adjusting public deficit figures. In an interview with The Financial Times, on Thursday, the Commissioner for Economic and Monetary Affairs states: “It is of the utmost importance to avoid the public accounts imitating the creative accounting of some private...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS