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Politics : PRESIDENT GEORGE W. BUSH
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To: sylvester80 who wrote (403928)5/8/2003 12:45:54 AM
From: DavesM  Read Replies (1) of 769670
 
re:"maybe you don't have a clue?"

France's Budget Deficit Widens Sharply - THE ASSOCIATED PRESS

"PARIS -- France's budget deficit widened sharply during the first three months of 2003 compared to a year earlier because of a steep drop in government revenues...The government projects the 2003 deficit will equal 3.4 percent of gross domestic product - breaching a 3 percent limit set by the EU for countries that use the euro."

Germany enters EU budget warning territory again - DW-World.de

"The German finance ministry is said to be unaware of the sources of a report in the weekly magazine Der Spiegel that says that the department expects the country's budget deficit to rise close to four percent of its Gross Domestic Product (GDP) this year...Germany's budget deficit ballooned to 3.6 percent of GDP last year prompting the EU to initiate disciplinary proceedings against Berlin for breaking the Union's three percent cap."
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