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Image header Agence Europe
Europe Daily Bulletin No. 9428
GENERAL NEWS / (eu) eu/emu

Commission recommends abrogation of excessive deficit procedures against Germany, Greece and Malta

Brussels, 16/05/2007 (Agence Europe) - On Wednesday, the Commission said that the correction of Germany's, Greece's and Malta's budget balance was sustainable and credible, and it recommended that the Council abrogate the excessive deficit procedures against them. European Commissioner for Economic and Monetary Affairs Joaquin Almunia said that Berlin's “ambitious” adjustment was “very important for the credibility of the Stability and Growth Pact” (SGP), the reform of which was...

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