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Europe Daily Bulletin No. 9868

25 March 2009
Contents Publication in full By article 12 / 34
GENERAL NEWS / (eu) eu/emu
Commission endorses Cyprus' stability programme

Brussels, 24/03/2009 (Agence Europe) - After examining the stability programme for Cyprus, the Commission notes that the country should record a deficit of nearly 1% of GDP in 2009 (0.8%), against excess of the same order last year. Although, according to the Cypriot forecasts, the deficit will not exceed 3% in coming years (-1.4% in 2010 and -1.9% in 2011 and -2.2% in 2012), this trajectory is not justified in the Commission's eyes given the still only relatively favourable economic...

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