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Europe Daily Bulletin No. 9937

8 July 2009
Contents Publication in full By article 11 / 43
GENERAL NEWS / (eu) eu/ecofin
Council initiates five new excessive deficit procedures and adjusts time allowed to Hungary for returning below 3% GDP mark

Brussels, 07/07/2009 (Agence Europe) - As foreseen, the Ecofin Council noted (on the basis of Article 104§6 of the Treaty) the existence of excessive deficit in Lithuania, Malta, Poland and Romania (EUROPE 9928) as well as in Latvia (EUROPE 9934). It also adopted recommendations prescribing the amount of time allowed to these five countries for rectifying the situation (pursuant to Article 104§7 of the Treaty) and revising the time allowed to Hungary (EUROPE 9928). In every case, member...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS