The European Commission has “no information” that EU countries would be about to make a common deadline for the reduction of general government deficits to 3pc of GDP for member countries at the next EU summit in October, Commission spokesman Mark English told Vilaggazdasag on Wednesday.
A subject of the summit will be the coordination of economic policies, Mr English confirmed, but referring to the detailed agenda he said that the president of the European Council, Herman Van Rompuy was responsible for the preparations.
Hungarian prime minister Viktor Orban said on state television on Monday that “in October, (EU prime ministers) will agree on when the 27 countries have to bring down their budget deficits to the expected 3pc (of GDP). That will apply to every country, and if we keep to that, if we can swim together with the others, then we won’t need any extra safety belt,” Mr Orban added.
“It would be unacceptable, and it won’t happen, that certain countries would have to do it sooner, while others would be allowed to do it later”, the prime minister said.
Why not just agree that the target date is yesterday?
Deficit target? How stupid is that?
If all EU countries aim to lose, where will they get the money to spend that deficit? Who can afford to loan money to all these losers?
Who has the money? How did they get it?
If it’s only a lousy 3%, why not cut government waste and go for a healthy 0 deficit? The people with money to lend would not like that.