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Europe Daily Bulletin No. 9998

15 October 2009
Contents Publication in full By article 16 / 32
GENERAL NEWS / (eu) eu/economy
Almunia welcomes Latvian government's intention to reduce country's deficit

Brussels, 14/10/2009 (Agence Europe) - On Tuesday 13 October, European Economic and Monetary Affairs Commissioner Joaquin Almunia welcomed the decision by the Latvian government to reduce the country's deficit by 500 million lat (a little over €700 million) in 2010 and thus to keep the public deficit under the 8.5% of GDP maximum. With this measure, Latvia will come into line with the memorandum of understanding it signed with the European Commission, setting out the conditions it has to...

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