EU is worried about budget deficit in European economies

By IBTimes Staff Reporter | March 17 2010 10:41 AM

The EU is concerned about budget deficit in European economies which made the EU ask some countries to show details how they will cut their deficit to the 3% ceiling put by the EU, one day after EU finance ministers meeting where they decided to provide emergency loans for Greece. EU is afraid some countries will rely in their tackle to deficits on their optimistic growth forecasts after spending billions to reinvigorate their economies.

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