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EU takes aim at Malta over excessive deficit

Summary by Times of Malta
The European Union has formally launched excessive deficit procedures against Malta and six other countries.EU rules dictate that a country’s deficit should not exceed 3% of its gross domestic product.Malta’s deficit stood at 4.9% in 2023, which is just under €1 billion.Belgium, France, Italy, Hungary, Poland and Slovakia are also facing excessive deficit procedures.The Maltese...
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