Ten of the 25 EU member states were in breach of the EU stability pact last year, fresh Eurostat figures have revealed, while the EU’s statitistical office implied Germany had played tricks with its budget figures.
The EU’s stability and growth pact – the rules underpinning the euro – stipulate that member states’ budget deficits may not exceed the limit of 3 percent of GDP.
But Eurostat on Monday (27 September) reported the highest deficits in Greece (6.6%), Hungary (5.4%), Mal...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login