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Europe Daily Bulletin No. 9990

3 October 2009
Contents Publication in full By article 11 / 35
GENERAL NEWS / (eu) eu/economy
Excessive deficits of nine member states to be thoroughly investigated by European Commission next week

Brussels, 02/10/2009 (Agence Europe) - After targeting its action on countries that already had deficits of more than 3% in 2008, the European Commission is now taking “preventive” measures against those that do not respect the reference threshold of the Stability and growth Pact in 2009. Next week, it will be examining the public finance situation of nine member states whose public deficits exceed 3% of GDP this year. This was confirmed on Thursday 1 October by Joaquín Almunia, who...

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