Slovakia may not comply with EU’s Stability and Growth Pact

The EC has assessed the euro area countries’ draft budgetary plans.

The European Commission's Euro and Social Dialogue Vice-President Valdis DombrovskisThe European Commission's Euro and Social Dialogue Vice-President Valdis Dombrovskis (Source: TASR)

The European Commission (EC) has warned several EU members states, who are also part of the euro area, that they might fail to comply with the Stability and Growth Pact (SGP) after reviewing the countries’ draft budgetary plans.

Related articleThe European Commission is sceptical of Slovakia's budget Read more 

“We have found that eight countries – Belgium, Spain, France, Italy, Portugal, Slovenia, Slovakia and Finland – are at risk of non-compliance,” Euro and Social Dialogue Vice-President Valdis Dombrovskis said on November 20, as quoted in the press release. He is responsible for financial stability, financial services and capital markets as well.

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