Brussels blows raise pressure on Alistair Darling


	Brussels blows raise pressure on Alistair Darling

JICWyllie

4-30-2008 11:06 AM

237 views

tags:

economy, politics, i-defitis, i-increase, i-policy, i-penalties

Add a Comment

Login to Comment. Not a member yet? Sign up

If you can't play- outsource it.

USA income distribution

Bush Announces His Plan to Combat Illegal ...

More bad news for alarmists

Life Is Good

Media dragging economy down

More clips from JICWyllie

Lehman slashes world oil demand growth for...

Speech of the Week - Gore's Energy Challen...

Given a Shovel, Digging Deeper Into Debt

Today's Top Clips

visit the Top Clips page

View the Top Clips from April 30, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/542d87e3-c496-48a8-a89f-73f3d5782a77/51EB11E4-76D0-4509-805D-54E752337559/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.timesonline.co.uk/tol/business/economics/article3835621.ece" href="http://business.timesonline.co.uk/tol/business/economics/article3835621.ece" style="font-size: 11px;">business.timesonline.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/economics/article3835621.ece">
Brussels inflicted a double embarrassment on Alistair Darling yesterday,
challenging his economic forecasts as too rosy and starting disciplinary
action against Britain for allowing its finances to slide too deep into the
red.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/economics/article3835621.ece">
The Commission said that the Treasury was set to borrow 3.3 per cent of
national income (GDP) in the present 2008-09 financial year and the next,
twice breaching the 3 per cent ceiling prescribed under the Maastricht
Treaty. The average deficit for the 27 European Union nations this year is,
by contrast, set to be only 1.2 per cent of GDP.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/economics/article3835621.ece">
Joaquín Almunia, the European Economics Affairs Commissioner, said that
Brussels would begin “excessive deficit procedures” to seek a formal rebuke
for Mr Darling and Gordon Brown at Ecofin, the EU's council of finance
ministers.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/51EB11E4-76D0-4509-805D-54E752337559/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>