A number of Eurozone member states have reacted in anger to a proposal from the EU Commission to relax the implementation of the Eurozone Stability and Growth Pact. Their demand of balanced budgets by 2004, was postponed 2 years 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.
Spain said that the decision was not alone for the Commission to take. "With all due respect to the Commissi...
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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.