Thursday, May 31, 2007

Eastern Europe Needs Ambitious Budget Deficit Targets, World Bank Says

(Bloomberg) -- The European Union's 10 eastern
countries should take ``adequate advantage'' of fast economic
growth to improve public finances, the World Bank said.

Particularly Latvia, Bulgaria and Romania need more
``ambitious fiscal policy'' to curb economic imbalances such as
wide current-account gaps and high inflation leading to
overheating, the bank said today in its regular report on the
development of the EU's 10 eastern nations.


Read more at Bloomberg Emerging Markets News

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