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#1 Posted : 15 April 2018 06:38:23(UTC)
shopknicks

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Joined: 23/12/2014(UTC)
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THE HAGUE Jonathan Drouin Canadiens Jersey , June 2 (Xinhua) -- The Netherlands is no longer subject to budget surveillance of the European Union after its budget deficit was sufficiently reduced to below 3 percent of gross domestic product (GDP), the European Commission stated Monday.


The Dutch government was subject to increased surveillance under the so-called excessive deficit procedure (EDP) for five years because its public finances were deemed not in order.


In 2009, the budget deficit peaked at 5.6 percent of GDP which was reduced to 2.5 percent of GDP in 2013.


With this reduction Carey Price Canadiens Jersey , the Netherlands has met the EU requirement earlier than planned in 2014. The European Commission projects that the general government deficit will reach 2.8 percent of GDP in 2014 and 1.8 percent of GDP in 2015.


In 2009, the Netherlands received three years to set things right. Ultimately, this period was extended by one year because economic growth in Europe was too slow.


Dutch Minister of Finance Jeroen Dijsselbloem stressed the importance of reducing the deficit further. "The European Commission has reaffirmed that the Netherlands is on the right track with getting rid of the budget deficit Shea Weber Canadiens Jersey ," Dijsselbloem told Dutch broadcaster NOS.


"The expected 1.8 percent in 2015 cannot be our final goal. It is important to further reduce the deficit," he said.


The European Commission on Monday also recommended the EU close the EDP for five other countries: Austria, Belgium Max Pacioretty Youth Jersey , Czech Republic, Denmark and Slovakia.


If the Council of the European Union follows the recommendations, the overall number of countries in the EDP will drop to 11 Andrew Shaw Youth Jersey , among which are France and Spain.



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NEW DELHI, April 20 (Xinhua) -- With some parts of the country reeling under drought, India's central government on Wednesday asked the state governments to be prepared and find a long-term solution to tackle the natural calamity.


"You (states) should be ready for this kind of situation. You should be prepared. To fight drought, preparations can be made in advance. We should find long-term solution and not adhoc," Indian Water Resources Minister Uma Bharti said in the national capital.


Stating that she was aware of the crisis situation in the country, the minister said: "India is suffering due to climate change."


"More than 70 percent of blocks of the northern state of Punjab and Haryana are falling under dark zones now. States like Telangana and Maharashtra have reported water-deficit situations earlier too. But Punjab and Haryana tell us a tragic story," she said.


The Minister added "India had witnessed tough times in the past but managed to survive due to its str.

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