The current state of the French and German economy has for the first time forced the EU Commission to give in and relax demands of balanced budgets as defined in the Stability and Growth Pact. The demand of balanced budgets by 2004 was postponed till 2006 in a report on "Budgetary challenges in the euro area" presented on Tuesday by EU Commissioner for Economic and Monetary Affairs, Pedro Solbes in agreement with the European Commission president, Romano Prodi.
The report showed that bo...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.