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Tag: eurozone

The race for the euro: Hungary running out of steam? - 27 April 2005 - News

The new member states are all working towards the adoption of the euro. The road is bumpy and setbacks are frequent - and Hungary has a story to tell.

Revamped stability pact dossier moves to Parliament - 21 April 2005 - News

The revised Stability and Growth Pact, which was agreed by EU leaders at the Spring summit, now moves to the European Parliament. The Commission aims for it to be finalised before the end of June.

Italy presents first challenge for revamped stability pact - 13 April 2005 - News

The Commission says it intends to apply the newly reformed Stability and Growth Pact rigorously. Italy and Portugal are in the spotlight while the Netherlands and Greece have their finances back on track.

How 'flexible' should eurozone rules be? - 20 January 2005 - News

Granting special treatment to particular items of spending, defining 'good economic times' and redefining what is an economic recession are some key issues being debated in the upcoming reforms of the Stability and Growth Pact.

Stability and Growth Pact high up Luxembourg presidency's agenda - 07 January 2005 - News

Luxembourg's Prime Minister and Eurogroup President Jean-Claude Juncker says the Stability and Growth Pact needs a provision envisaging heavy penalties where member states are found to have cheated. 

Stability Pact: France and Germany off the hook for now - 15 December 2004 - News

The Commission has lifted the excessive deficit procedure, first launched in 2003, against France and Germany. But already there are doubts about Germany respecting the rules in 2005.

Who monitors public finances? - 13 December 2004 - Opinion

Following the revelation that Greece has been underreporting its public deficit since before it joined the eurozone, CEPS Director Daniel Gros proposes, inter alia, the creation of (national) Independent Budget Agencies.

Netherlands' public deficit back on track - 22 October 2004 - News

The Council is satisfied that the Dutch 'excessive deficit' is back under control and is calling for a detailed report on Greece's deficit and debt data going back to 1997 to be ready in time for the next EcoFin meeting.

Stability Pact: emphasis falls on early warnings - 01 October 2004 - News

Early warnings and recommendations are key if EU countries don't want sanctions, says Commissioner Almunia at an EMU and economic governance debate.

Greek deficit announcement deals blow to Stability Pact - 28 September 2004 - News

Greece's admission that it has been in breach of eurozone deficit rules since 2000 may re-open the issue of how many other countries are involved in 'creative accounting'.

Six out of the ten new Member States have 'excessive public deficits' - 25 June 2004 - News

The Commission has published its assessment of the new Member States's first convergence programmes. Cyprus, Czech Republic, Hungary, Malta, Poland and Slovakia all need to get their finances in order.

Rise in eurozone's industrial output fails to prevent economic slowdown - 22 August 2001 - News

The eurozone's industrial output has shown strong growth in June despite overall decline over the past two quarters. Eurostat, the European Commission's statistical office, announced that industrial production rose by 0.6 percent in June.

Greece gets Commission fiat for euro - 04 May 2000 - News

The Commission agreed on Wednesday that Greece can join the Euro-zone from 01 January 2001

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