EUOBSERVER / BRUSSELS - A new report by the European Commission on the sustainability of public finances concludes that the health of member state coffers varies considerably across the bloc. Britain, Spain, Greece, Ireland and Latvia all fell into the high-risk category as soaring public debt may constrict their ability to meet future obligations such as pension payments. The recession has put a large hole in government finances Published on Wednesday (14 October), the Commission's communication and accompanying "Sustainability Report 2009" takes into account the impact of the crisis, and is a follow-on from a similar report in 2006. "The long-term sustainability of public finances is a concern for all EU countries, although to a considerably varying degree across member states," said the EU executive in a statement.
EUOBSERVER / BRUSSELS - A new report by the European Commission on the sustainability of public finances concludes that the health of member state coffers varies considerably across the bloc.
Britain, Spain, Greece, Ireland and Latvia all fell into the high-risk category as soaring public debt may constrict their ability to meet future obligations such as pension payments.
The recession has put a large hole in government finances
Published on Wednesday (14 October), the Commission's communication and accompanying "Sustainability Report 2009" takes into account the impact of the crisis, and is a follow-on from a similar report in 2006.
"The long-term sustainability of public finances is a concern for all EU countries, although to a considerably varying degree across member states," said the EU executive in a statement.
