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Europe Daily Bulletin No. 9848

26 February 2009
GENERAL NEWS / (eu) eu/economy
Sharp economic downturn expected in Italy, Luxembourg and Portugal in 2009

Brussels, 25/02/2009 (Agence Europe) - On Wednesday 25 February, the European Commission gave its assessment of the stability programmes of Italy, Luxembourg and Portugal and of the convergence programme of Lithuania. Due to the current economic downturn, the budgetary situation in Italy, Luxembourg and Portugal is expected to considerably deteriorate in 2009, the Commission explains. It goes on to add that the cost of recovery measures adopted by Italy will not have an impact on public...

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