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Ten states broke stability pact in 2004

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...

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