Oh my god, the deficit!

29 April 2015 Nicolas Gros Verheyde

Will it also be a crown for respecting economic rules? (credit: Crown / The Queen at the Anzac Day Ceremony) — A crown also for the deficit rules? (credit: Crown / The Queen at the Anzac Day Ceremony)

(BRUSSELS2) The European Commission could soon decide to hit hard... on the United Kingdom.

The Kingdom out of the nails

According to the first elements, London is totally out of the nails in economic matters. The European Commission's economic forecasts could thus reveal an increase in the deficit.

Cameron management: growth rather than deficit?

Worse. London respects neither the nominal figure, nor the structural effort figure (excluding the economic situation), nor the forecast of objectives that have been achieved. Basically, it's Prime Minister Cameron's good management — and Britain's damned "economic miracle" — that's going to take a nasty snub. A few days before the general elections in the Kingdom (May 7), a nice kick of the ass from the European executive. Something to wave a good red rag across the Channel.

(NGV)

Note: although not a member of the euro zone, the United Kingdom is subject, like all the other countries, to compliance with the stability and growth pact, and must submit a convergence program to "Brussels".