A fundamental review of the Stability and Growth Pact -- the rules governing the euro -- would not add to its credibility, Commission President Jose Barroso said on Wednesday
Published:
30 November 2004 y., Tuesday
A fundamental review of the Stability and Growth Pact -- the rules governing the euro -- would not add to its credibility, Commission President Jose Barroso said on Wednesday.
Addressing journalists after the new commission's first meeting, Barroso said he does not "think that it would contribute to improving the credibility of the pact to bring about a fundamental review of the pact." Barroso was reacting to reports that Italian Prime Minister Silvio Berlusconi had sent a letter to Dutch prime minister and current head of the EU Council Jan-Peter Balkenende requesting a discussion at EU leader level on reforming the euro rules. The European Commission made proposals on reforming the pact in September which are expected to be discussed by finance ministers at a meeting in January.
Some member states, especially Germany, are pushing for some types of expenditure to be excluded from the deficit calculation. The Stability Pact forbids member states from running a budget deficit above 3 percent of gross domestic product (GDP).
Šaltinis:
dw-world.de
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 26 November, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas delivered a lecture “The New NATO Strategic Concept: Lithuania’s Vision” to the participants of Higher Command Studies Course of the Baltic Defence College (BALTDEFCOL).
more »
On 25 November at the European Information Bureau of the Seimas, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “Climate Change: from Kyoto to Copenhagen” and spoke about Lithuania’s contribution to combating climate change.
more »
President of the Republic of Lithuania Dalia Grybauskaitė goes for a working visit to Ukraine to attend a session of the Council of Presidents of the Republic of Lithuania and Ukraine and to meet with Ukraine's President Viktor Yushchenko.
more »
Today, November 26, meeting of the Baltic Chiefs of Defence will begin in General Adolfas Ramanauskas Warfare Training Centre in Nemenčinė (Vilnius distr.).
more »
November 24, Defence Attachés accredited to Lithuania met at MoND to address international defence cooperation of Lithuania, activities and plans of the Lithuanian-led Chaghcharan PRT.
more »
President Dalia Grybauskaitė extended congratulations to President Mikheil Saakashvili of Georgia on the occasion of national holiday.
more »
This year marks the 20th anniversary of the collapse of communism in Europe and the end of the Cold War.
more »
Today Lithuania‘s Minister of Foreign Affairs Vygaudas Ušackas is starting his official visit to Armenia where he will meet with the highest ranking officials of the state, as well as with the representatives of the international organizations and local authorities.
more »
On 20 November, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas congratulated Catherine Ashton who had just been elected as European Union‘s High Representative for Foreign Affairs and Security Policy.
more »
On 20 November, Lithuania’s Ministry of Foreign Affairs in cooperation with the Lithuanian business confederation | ICC Lithuania will host a seminar “Business in sub-Saharan Africa: Possibilities and Challenges”.
more »