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Europe Daily Bulletin No. 9914

5 June 2009
Contents Publication in full By article 10 / 30
GENERAL NEWS / (eu) eu/economy
Latvia must still do more to reduce deficit

Brussels, 04/06/2009 (Agence Europe) - Economic and Monetary Affairs Commissioner Joaquín Almunia said on Thursday 4 June that the Latvian government's proposals in its supplementary budget for 2009 were a step in the right direction, but that more had to be done to tackle the deterioration in its public finances. The Latvian government says that the country's public deficit could be as much as 9.2% of GDP in 2009, rather than the 5% forecast in the international financial support plan...

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