Monday, February 01, 2010

EU Commission Economic Review of Deadlines for Malta, Lithuania, Hungary and Latvia to Bring Public Debt to 3% of GDP Results in 2 Extensions

Four EU states given economic reviews -

The UPI via EUObserver reported that the European Commission considered the economic status of Malta, Lithuania, Hungary and Latvia in their EU obligation "to bring public debt to under 3 percent of their gross domestic products."

Hungary and Latvia were seen as being on track to meet their current deadlines of 2011 and 2012 respectively, and were given no extensions of those deadlines.

Malta and Lithuania, on the other hand, due to economic difficulties, were extended to 2011 and 2012 respectively.

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