Tuesday, June 19, 2007

EU Warns Slovenia Again over Finance Sustainability

"The European Commission has issued another warning to Slovenia over the sustainability of its public finances. In an annual report on the finances of the eurozone countries, the Commission says the structure of Slovenia's finances is expected to weaken in the future.

Slovenia is not among the ten countries in the report that the Commission expects to achieve their mid-term goals in the field in 2008.

The Commission says in the report that the eurozone members are not doing enough to utilise the current favourable economic situation to undertake structural changes and to shore up the public purse.

The public finances of the eurozone countries have improved in recent times not on account of government measures but because of higher-than-expected tax revenues, a result of the current economic upswing, the report suggests. "

Source: STA

No comments: