| Author (Person) | Pignal, Stanley |
|---|---|
| Series Title | Financial Times |
| Series Details | 9.1.12 |
| Publication Date | 09/01/2012 |
| Content Type | News |
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In a letter sent to the Belgian government on the 5 January 2012, Olli Rehn, Economic and Monetary Affairs Commissioner, demanded immediate budget cuts of 0.3% to 0.5% of gross domestic product, or €1.2bn to €2bn. Article reported that Belgium, in consequence, rushed to trim more than €1bn from public spending in after being told it would otherwise fail to meet new European Union fiscal rules designed to prevent a repeat of the eurozone debt crisis. |
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| Countries / Regions | Belgium |
