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Apr 12, 2025
euobserver

Germany set to break euro rules until 2010

by Lucia Kubosova, September 22, 2005, 7:45:48 AM
1 co-observer

IMF experts have suggested Europe's biggest economy is set to break the eurozone deficit limit until 2010.

The Washington-based International Monetary Fund unveiled the remaining chapters of its World Economic Outlook report on Wednesday (21 September).

The document reflected the Fund's pessimism over Europe's growth, cutting its GDP forecasts to 1.2 percent for 2005 and 1.8 for 2006.

It also suggests the German deficit will remain above 3 percent until 2010, meaning the cou...

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