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Tag: Stability Pact

Regions reject linking EU funds to budget rules - 18 November 2010 - News

Local government leaders have spoken out against plans by the European Commission to suspend the payment of EU funds to countries that fail to rein in their national budget deficits and keep a lid on public debt levels. They claim that it is unfair to punish regions for decisions taken at national level.

Ambitious? Yes. Effective? Perhaps. The Commission’s Proposals on the Stability Pact - 02 November 2010 - Analysis

If adopted and implemented by the EU, the European Commission's legislative proposals on economic governance will constitute a new way of coordinating economic policies in the bloc, writes Nicolaus Heinen, an analyst at Deutsche Bank Research.

EU countries still divided over voting rights issue - 29 October 2010 - News

A Franco-German proposal to sanction eurozone budget sinners by stripping them of their EU voting rights faces massive opposition from other countries in the bloc, it emerged after a two-day summit in Brussels on Friday (29 October).

Why the stability pact is irrelevant - 26 October 2010 - Analysis

France and Germany are pushing for sanctions in the EU's eurozone stability pact, but fiscal profligacy only played a minor role in the debt crisis and the pact is the wrong place to start, writes Wolfgang Münchau of Eurointelligence in an October opinion piece.

'Use the boom', Commission tells EU - 15 June 2007 - News

Although EU public finances improved dramatically last year, many member states are still failing to use the economic boom to decrease their deficits further, the Commission said this week.

EU countries on track to meet deficit target - 11 October 2006 - News

For the first time in seven years, the EU's biggest economies are all set to meet the 3% deficit criterion of the Stability and Growth Pact, economy and finance ministers have announced. 

Balkan stability pact chief sees Kosovo independence as inevitable - 26 July 2006 - News

Busek calls the Serb position "unrealistic," and expects that Kosovo will eventually win the bid for independence.

Commission: member states need to save up for bad times - 14 June 2006 - News

The first implementation review of the reformed Stability and Growth Pact shows that member states are failing to consolidate their budgets for bad times now that the economy is recovering.

'Creative accounting' hides stability pact breaches - 06 October 2005 - News

Monetary Affairs Commissioner Joaquín Almunia has accused member states of applying tricks learnt from the corporate sphere to hide deficits in breach of the Stability and Growth Pact.

Dutch show example on budgetary deficit consolidation - 19 May 2005 - News

The Commission recommends putting an end to the Dutch excessive deficit procedure. The Netherlands has reduced its budget deficit one year ahead of the deadline set by the Council. 

Italy off the Stability Pact hook for two months - 11 May 2004 - News

Italy has narrowly escaped a reprimand from EU finance ministers for breaking the EU's Stability and Growth Pact. Rome now has two months to present a plan to get its deficit under control.

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