17-12-14 11:17 pm – Source: Reuters
© anp
The countries of the European Union meet this year is expected to average at the agreed budget standard. That is for the first time since 2008, according to a report today by the European Commission on the economy in Europe. EU countries may, according to the rules with their budget deficit not exceed three percent.
According to the report reap the countries within the EU and the euro area the fruits of the policy of recent years in the budget deficit curb. The average public debt will rise next year still further, as is expected, but from 2016 a decline is expected.
Netherlands was until June this year at the “penalty box” of Brussels because of a budget deficit of over three percent. In the so-called autumn forecast, however, the committee noted that the budget deficit in the Netherlands this year to be 2.5 percent. In 2015 and 2016 the deficit will fall further to 2.1 and 1.8 percent, respectively.
The report recognizes that the economic recovery in the EU ‘fragile and sensitive’ remains. Among others, the labor market is picking up only slowly, which, especially long-term unemployed express the different budgets. However, the European Commission believes that the financial picture in the EU and the euro area is more favorable compared with other major economies.
However, the report stresses that budgetary discipline goes hand in hand walk with structural reforms and investments to support the recovery. It should be noted that it will be some of the Member States ‘challenge’ to adhere to the agreements made earlier.
No comments:
Post a Comment