login
login

Europe Daily Bulletin No. 9729

30 August 2008
Contents Publication in full By article 13 / 18
GENERAL NEWS / (eu) eu/emu/austria

29/08/2008 (Agence Europe) - Just as France and Italy had done before it, Austria has said it will not be able to balance its budget by 2010, the date that has long been presented as the deadline for bringing the public finances of all the countries in the euro area back into balance. Having recorded a deficit of 0.6% in 2008 (compared with 1.4% in 2006 and 0.7% in 2007) and forecasting continued growth, Austria's stability programme projected a 0.4% budgetary surplus in 2010 (see EUROPE...