Statement by Vice-President Katainen on the Draft Budgetary Plans – EU likely to approve French, Italian 2015 budgets

Author (Corporate)
Series Title
Series Details STATEMENT/14/343 (28.10.14)
Publication Date 28/10/2014
Content Type ,

France and Italy revealed revised 2015 budgets on the 27 October 2014. The European Commission announced on the 28 October 2014 that these revisions would be sufficient to stop the need to consider a negative opinion at this stage under the strengthened budgetary policy coordination processes introduced in 2013, although a detailed assessment would still need to be carried out.

Provisional clearance was given also to the 2015 budget plans of all other eurozone countries by the European Commission - the last political act of the 2009-2014 European Commission before it stepped down on the 31 October 2014.

Source Link Link to Main Source http://europa.eu/rapid/press-release_STATEMENT-14-343_en.htm
Related Links
BBC News, 28.10.14: European Commission to approve France and Italy budgets http://www.bbc.co.uk/news/business-29810370
ESO: Background information: EU in last-ditch talks with Italy and France on 2015 budget changes http://www.europeansources.info/record/eu-in-last-ditch-talks-with-italy-and-france-on-2015-budget-changes/
European Commission: DG Economic and Financial Affairs: EU economic governance: Stability and Growth Pact: Draft budgetary plans of euro area Member States http://ec.europa.eu/economy_finance/economic_governance/sgp/budgetary_plans/index_en.htm
EurActiv, 28.10.14: France, Italy trim 2015 budgets to win EU approval http://www.euractiv.com/sections/euro-finance/france-italy-trim-2015-budgets-win-eu-blessing-309528
France24, 28.10.14: France announces new budget measures to appease EU http://www.france24.com/en/20141027-france-new-budget-measures-appease-eu-deficit-limit-sapin/
The Local.fr, 27.10.14: France tries to appease EU with 'new' budget http://www.thelocal.fr/20141027/france-presents-new-measures-to-appease-eu-over-budget
The Local.it, 27.10.14: Italy bows to EU pressure over budget http://www.thelocal.it/20141027/italy-bows-to-eu-pressure-over-budget
EUObserver, 29.10.14: EU clears eurozone budgets after French, Italian tweaks http://euobserver.com/economic/126287
European Commission: RAPID: STATEMENT/14/344: Statement by Vice-President Katainen on the Draft Budgetary Plans http://europa.eu/rapid/press-release_STATEMENT-14-344_en.htm
Deutsche Welle, 28.10.14: EU likely to approve French, Italian 2015 budgets http://dw.de/p/1DdVx
Euronews, 28.10.14: France, Italy avert budget row with EU Commission http://www.euronews.com/2014/10/28/france-italy-avert-budget-row-with-eu-commission/
Blog: Open Europe, 29.10.14: France and Italy get preliminary approval of their budgets, but it's not the end of the story http://openeuropeblog.blogspot.co.uk/2014/10/france-and-italy-get-preliminary.html
EurActiv, 20.11.14: Commission officials: Fining France over deficit is still an option http://www.euractiv.com/sections/euro-finance/commission-officials-fining-france-over-deficit-still-option-310172
EurActiv, 21.11.14: France tests EU patience over prospect of budget deficit fines http://www.euractiv.com/sections/euro-finance/france-tests-eu-patience-over-prospect-budget-deficit-fines-310216

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