HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read the Documents from the Ministries of Foreign Affairs of Greece & Turkey on the Imia Issue
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Sunday, 22 October 2017
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Cyprus News Agency: News in English, 11-01-27

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] COMMISSION - CYPRUS - DEFICIT

  • [01] COMMISSION - CYPRUS - DEFICIT

    The European Commission has decided that no further steps in the excessive deficit procedure are needed at present for Cyprus, since it has taken action representing adequate progress towards the correction of the excessive deficit within the time limits set by the Council.

    In a press release, the Commission notes that, ``following the expiry of the usual six-month period after the Councils recommendation, the Commission has made an assessment of the action taken by Cyprus, Finland, Bulgaria and Denmark in response to the Council recommendation of 13 July 2010, with a view to bringing an end to their situation of excessive government deficit.``

    The Commission concluded that, ``on the basis of currently available information, Cyprus, Finland, Bulgaria and Denmark have taken action representing adequate progress towards the correction of the excessive deficit within the time limits set by the Council.``

    It therefore considers that, for these member states, ``no further steps in the excessive deficit procedure are needed at present.``

    The Commission notes that it will continue to closely monitor budgetary developments in accordance with the Treaty and the provisions of the Stability and Growth Pact.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    cna2html v2.01 run on Thursday, 27 January 2011 - 14:40:01 UTC