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Dealing with the financial crisis and rising fuel and food prices will be the main economic priorities of the French Presidency, France's Economy and Finance Minister Christine Lagarde told MEPs yesterday (15 July).
Amid ever increasing inflation, the President of the European Central Bank (ECB) issued a strong warning against wage increases, saying that in the current situation, higher pay could further fuel rises in commodity prices.
Heads of state and government agreed at the March 2005 Summit to revise the EU's Stability and Growth Pact reform. (read more)
'Flat tax' is a recurring issue in the new member states these days, and calls for tax cuts and simplification are also coming from elsewhere in Europe. (read more)
In accordance with the provisions of the Maastricht Treaty, all new members of the EU are eligible to join the European single currency, the euro. (read more)