Seanad debates

Wednesday, 26 November 2003

Book of Estimates 2004: Statements.

 

On the decisions in respect of France and Germany, there is no difference in substance between the European Commission's position and the conclusions reached by the Council on what needs to be done to tackle the excessive deficits. The main issue discussed by Finance Ministers was essentially procedural and concerned the best way to proceed. While the Commission put forward its view, the majority of member states, including Ireland, favoured proceeding on the basis of the Council conclusions. This was supported, particularly in view of the stated willingness of both France and Germany to adhere to these respective positions. The Commission's formal proposals are effectively in abeyance and may be reactivated in the future. The performance of both France and Germany will be closely monitored for adherence to the respective commitments undertaken by them.

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