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Image header Agence Europe
Europe Daily Bulletin No. 9890
Contents Publication in full By article 21 / 41
GENERAL NEWS / (eu) eu/economy

27/04/2009 (Agence Europe) - On Monday 27 April, the Council adopted without debate, several decisions illustrating excessive deficits (Article 104§6 of the Treaty) in France, Greece, Ireland and Spain, as well as the absence of effective measures in the United Kingdom (Article 104§8). In simultaneously approved recommendations (Article 104§7), the Council called on these five member states to bring their deficits down to below the 3% GDP ceiling in compliance with Commission requirements (EUROPE 9868). The deadlines granted for correcting the excessive deficits are therefore: 2010 at the latest for Greece, 2012 for Spain and France, 2013 for Ireland and 2013-14 for the United Kingdom. The Council also approved Cyprus' stability programme (EUROPE 9868). (A.B./trans/rh)

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT