PostHeaderIcon Germany criticises proposed EU budget as ‘irresponsibly high’

Statement by an IMF Mission to Iceland
A mission from the International Monetary Fund (IMF), led by Julie Kozack, visited Reykjavík during June 21–July 1 to hold discussions for the sixth review under the US$2.1 billion Stand-By Arrangement (SBA, see Press Release No. 08/296 ). The mission met with government officials, parliamentarians, academics, representatives of the private sector, and labor organizations.

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Germany criticises proposed EU budget as ‘irresponsibly high’
GERMANY blasted as “irresponsibly high” the European Commission’s proposal for the next 2014-2020 budget, saying it set a poor example during the eurozone debt crisis.

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