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Malta out of excessive deficit procedure

05.12.12 @ 09:08

  1. By EUOBSERVER

Malta is out of the EU's excessive deficit procedure after finance ministers agreed that the country's deficit had been brought below 3%. Economic commissioner, Olli Rehn, said Tuesday that Malta had "corrected its deficit in a sustainable way". In total 20 of the EU's 27 countries remain under Commission scrutiny.