• Says France and SLovenia will miss the targets
  • Italy’s expected improvement in structural budget balance this year is insufficient
  • Macroeconomic imbalances in Italy, Slovenia and Croatia are excessive
  • German credit account surplus is not an excessive imbalance and is expected to diminish in coming years

I can see the wheels being checked on the goal posts now

;-)

Talking tough and acting weak. The European Commission in a nutshell.