EU competitiveness ambition doomed, says Eichel

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Series Details 8.9.04
Publication Date 08/09/2004
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Hans Eichel, Germany's Finance Minister, began four days of Parliamentary debate on the 2005 federal budget, 7 September 2004, by saying it would 'not be easy' to bring Germany's public sector deficit back below 3% of GDP, the limit set by the EU's Stability and Growth Pact. Mr Eichel went on to say that the EU would fail in its attempt to become the world's most competitive economy by 2010.

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