Almunia seeks to make EU budgetary rules more flexible

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Series Details 31.8.04
Publication Date 31/08/2004
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JoaquĆ­n Almunia, European Commissioner for Economic and Monetary Affairs, has produced a paper on economic governance which is due to be approved by the European Commission on 3 September 2004. The paper will redefine the 'exceptional circumstances' under which a breach of the Stability Pact is permitted. Reforms to the Pact will be discussed at a meeting of EU Finance Ministers in the Netherlands on 4 September 2004.

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