Author (Corporate) | European Commission: Press and Communication Service |
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Series Title | Press Release |
Series Details | IP/06/246 (1.3.06) |
Publication Date | 01/03/2006 |
Content Type | News |
The European Commission on 1 March 2006 recommended to the Council to give notice to Germany, under Article 104(9) of the Treaty, to bring the public deficit below 3% of GDP by 2007 at the latest. This followed the announcement, in the previous week, of a deficit of 3.3% in 2005. In addition, the deficit was expected to remain above 3% in 2006. Having assessed Germany’s stability programme for 2005-2009, which had been adopted by the German Government in the previous week, the Commission believed that, if duly implemented, the measures set out should reduce the deficit well below 3% ceiling by 2007. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/246&format=HTML&aged=0&language=EN&guiLanguage=en |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Germany |