The European Commission adopted a report on government finance in Germany as a first step of the Excessive Deficit Procedure (EDP). It was a clear-cut decision by the executive body of the European Union in order to convey the message to all member states that the discipline in government finance will be maintained. And Germany is the case for the Commission to show everybody its decisiveness. France will follow. If the two largest countries of the Union are forced to obey Brussels, there will b...


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