Finance minister’s warning draws fire

Author (Person) ,
Series Title
Series Details 13.7.01, p6
Publication Date 13/07/2001
Content Type

Italy's Minister of Finance, Giulio Tremonti, warned on 11 July 2001 on television that his country's budgetary deficit could be much higher than the 0.6% target of the Stability Pact. He had given no warning of the deficit projections at the Eurogroup meeting on 9 July 2001 and the following day's 'Ecofin' meeting of all 15 EU finance ministers.

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