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EU to sanction its members for the excessive deficit |
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World -
Economy
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Wednesday, 07 October 2009 13:55 |
 The Commission threatened with a lawsuit to Albania, Slovenia, Belgium, Italy, Germany, Slovakia and Portugal.
The European Commission have threatened its members with a lawsuit if they do not begin to control their deficit, because some of them have already passed the permitted limit.
In the pact for stability and growth in 2005 it was stated that each member of the European Union must be balanced so that the calculation of public debt of the country in the euro area should not pass 60% of gross domestic product (GDP).
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