5 million of turnover and strongly increased in 2008Are two thorny issues innovation and the customer relationship56 Of 742 respondents share this analysisThe actors are not to incriminate himselfThe policy of the ECB is part of this frameworkof the objectives of economic efficiency and equityOver a 100 index is applied an allowance of 0Economists sometimes take us for children3 last year where it is established to 2With the key many steaks and roasts potentialThe France and the Spain, the Greece, the Ireland, the Latvia and Malta, of which fiscal deficit should broadly in 2008 and in 2009 exceed the limit of 3 of GDP established by the stability and Growth Pact should be the subject of a procedure for excessive deficit. Joaquin Almunia, European Commissioner for economic and Monetary Affairs, confirmed yesterday in Brussels, by announcing that he sent a report to this effect to the economic and Financial Committee of the Union, required step before the official opening of this procedure on 4 March, the Finance Ministers to then hold a meeting of informal early April in Prague.
Without waiting for the publication of specific recommendations that will set in the six countries concerned of the deadlines for the return below the 3, the Commissioner explained that the France as the Spain will have to undertake this fiscal consolidation in the year 2010. "For these two countries, we consider that 2009 will be a year of recovery, but consolidation will start the following year, our current forecast for then the beginning of the end of the crisis," he said. The specific Commission still that the stimulus plan unveiled in December by the French Government and to increase the deficit of 0.8 of GDP in 2009 and 0.1 in 2010 in the bearing, according to Brussels, from 3.2 in 2008 to 5.4 in 2009, "is targeted and temporary, comes at the right time and is consistent with the European economic recovery plan".
But it immediately added that high deficits were recorded previously, while the economic situation was favourable. Also calls the France "to accelerate the pace of its budgetary consolidation in the return of growth", taking such "additional measures" to reduce public spending while implementing its programme of structural reforms "in particular as regards the viability of the pension system."
Propose a timetable
All injunctions to which Bercy immediately responded by noting that "the Commission is in his role" by launching a warning to the France, but by adding that "the Government's priority is restarting channels of funding and the economy, without abandoning the aim of consolidation of public finances."
This point of order in a downturn was something surreal, even if the stability pact since its revision in 2005, to allow more time to the Member States to clean up their public finances in "exceptional circumstances". However, Brussels must soon propose a timetable for the return below the 3 limit. And in advancing a date likely 2011 as indicated last week the Spanish Finance Minister for his own country the situation is close to that of the France, the Commission will have to bet on a script and an economic calendar that the crisis may at any time change. "Nobody crystal ball, but this should not put us unemployment so far", assured, yesterday, Joaquin Almunia to persuade the Finance Ministers of the twenty - seven of the credibility of its forecasts, so that they support the recommendations to these six poor students of the Union, the Hungary and the United Kingdom is already subject to a procedure. \
