Press Release: Commission recommends to the Council to find that the Czech Republic has taken inadequate action to control its public deficit

Having examined the convergence programme of the Czech Republic, the Commission recommends to the Council to conclude that the country has taken inadequate action to control its public finances and is, therefore, not on track to correct its excessive deficit by 2008, as was agreed with the Council in 2004. This recommendation, issued under Article 104.8 of the EC Treaty, is expected to be adopted by the Council on 10 July 2007 together with an opinion on the Czech Republic's updated convergence programme.

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