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Article: EMU: COMMISSION TO ACT ON EXCESSIVE DEFICITS IN SEVEN MEMBER STATES.(Economic and Monetary Union)

Article from:
European Report
Article date:
June 23, 2004
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Greece is also one of the Euro-zone countries (as well as Germany, France and the Netherlands) to have failed to respect Stability Pact norms. The public deficit in Greece stood at 3.2% in 2003. It must maintain this level in 2004 in order to fall below the 3% of GDP threshold by 2005. Greece's debt also exceeds 100% of its GDP. It must reduce this to 102.8% in 2004, against 103% for the year before.

As for the six new ...

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