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Europe Daily Bulletin No. 9151

15 March 2006
GENERAL NEWS / (eu) eu/ecofin
Council gives Germany until 2007 to bring its deficit below 3% and suspends procedure against Italy

Brussels, 14/03/2006 (Agence Europe) - As recommended by the Commission (see EUROPE 9142), on Monday EU Finance Ministers required Germany to correct its excessive deficit by the end of 2007. This date is in line with German government plans and Ministers consider it to be realistic. Having been in infringement of the last four consecutive years, the German deficit was 3.3% in 2005 but is expected to fall to 2.5% in 2007, according to the country's stability programme approved by the...

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