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
In accordance with Article 65 of the Constitution of the Republic of Lithuania, President Adamkus will convene the newly elected Seimas for its first sitting on November 17, 2008.
more »
Economically, Lithuania should identify itself more with the Northern region – such thoughts were highlighted at the meeting of the Government‘s Office and the representatives of the company Saffron Brand Consultants, chaired by branding expert Wally Olins.
more »
President of the Republic of Lithuania Valdas Adamkus congratulates the US President-Elect Barack Obama.
more »
President of the Republic of Lithuania Valdas Adamkus presented letters of credence to Antanas Vinkus as Lithuania’s Ambassador to the Russian Federation, and Antanas Valionis as Lithuania’s Ambassador to Latvia.
more »
Institutions of Ghowr administration and security were supported from the Development Cooperation and Democracy Promotion Programme of the Ministry of Foreign Affairs.
more »
According to Minister P.Vaitiekūnas, in its efforts to create an efficient and long term strategy towards Russia the transatlantic community has to understand the path onto which Russia steps in the sphere of its internal policy and external relations.
more »
President of the Republic of Lithuania Valdas Adamkus and President of the Republic of Poland Lech Kaczynski issued a joint declaration on the withdrawal of Russian troops from Georgia.
more »
Valdas Adamkus sent congratulations on behalf of himself and the people of Lithuania to the President of Turkey Abdullah Gül on the national holiday, the 85th anniversary of the proclamation of the Republic of Turkey.
more »
Tomorrow, October 30, President Valdas Adamkus will receive Mr. Michael Chertoff, United States Secretary of Homeland Security, who will arrive in Vilnius for a one-day working visit.
more »
Georgia's President Mikheil Saakashvili comes to Lithuania for a working visit on October 31-November 1.
more »