Thursday

21st Mar 2019

Dutch to attack German and French budget deficits

On Monday (8 September), The Netherlands repeated its harsh criticism of the large budget deficits of Germany and France. In a TV interview, German finance minister Hans Eichel admitted that it will be very difficult to get the country's budget deficit under three percent in 2004.

That would mean that Germany in 2004 will have violated the Stability Pact for three years running.

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Dutch finance minister Gerit Zalm said, according to Svenska Dagbladet: "There are two roads you could follow: Either both countries adopt measures to follow the rules, or if they do not do that, the Commission must impose sanctions".

Mr Zalm said that the issue should be discussed at this weekend's finance ministers' meeting in Stresa, Italy.

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All about the European Parliament elections 2019

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