EU may demand further action on budget deficits

GMT 13:20 2014 Wednesday ,29 October

Arab Today, arab today EU may demand further action on budget deficits

European Central Bank
Brussels - AFP

France and Italy may have scraped through an initial review of 2015 budget plans but they and others running excessive deficits may still have to do more to meet EU rules, the European Commission said Wednesday.
A more detailed assessment next month will show whether other measures are needed and "it cannot be excluded" that the Commission may have to take further steps to ensure compliance, EU Economic Affairs Commissioner Jyrki Katainen said.

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