Deficits of six future EU members broke EU rules

Six of the 10 countries to join the European Union in May had public deficits greater than those allowed by the EU's Stability and Growth Pact, EU data published on Tuesday 16 March showed.

The Czech Republic had the widest public deficit at 12.9 per cent of gross domestic product, more than four times the threeper cent limit allowed by the 1997 pact, AFP reported.

It was followed by Malta with a deficit of 9.7 per cent, Cyprus with 6.3 per cent, Hungary with 5.9 per cent, Poland 4.1 per cent and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.