Press Release: Commission puts forward recommendations on budgetary policy for Ireland

On 24.1.01, the European Commission adopted a recommendation to the Council of Ministers on the 2000 update of Ireland's Stability Programme (2001-2003). The Commission concluded that the 2000 update is in line with the requirements of the Stability and Growth Pact but that Irish budgetary plans for 2001 are inconsistent with the 2000 Broad Economic Policy Guidelines (BEPG) adopted last June by the European Council in Feira. The Commission recommended to the ECOFIN Council to adopt, on 12.2.01, a recommendation under Article 99.4 addressed to the Irish government with a view to ending the inconsistency of the expansionary aspects of budgetary plans with the BEPG.

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