Press Release: Commission statement on the Court of Justice ruling relating to the excessive deficit procedure

Author (Corporate)
Series Title
Series Details IP/04/897 (13.7.04)
Publication Date 13/07/2004
Content Type

The European Commission welcomed the 13 July 2004 ruling by the European Court of Justice annulling a decision by EU Finance Ministers in the Council of the European Union to suspend action against Germany and France over budget deficits, in a case brought by the Commission. The Commission believes the ruling confirms the essential role of the Stability and Growth Pact Regulations in the EU budgetary surveillance process. In particular, the Court ruling confirms the Commission's view as to the respective roles of the Commission and the Council in the application of the Stability and Growth Pact, thereby making budgetary policy co-ordination more transparent and more predictable in the future.
Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/897&format=HTML&aged=0&language=EN&guiLanguage=en
Related Links
http://curia.europa.eu/en/actu/communiques/cp04/aff/cp040057en.pdf http://curia.europa.eu/en/actu/communiques/cp04/aff/cp040057en.pdf
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