Altafaj said the commission has no further comment to make on Ireland’s economy shrinking 1.2 percent in the second quarter from the first quarter. The contraction in Irish gross domestic product was announced by the country’s statistics office yesterday.
For more: EU Says It Remains Confident Ireland Will Meet Fiscal Targets - BusinessWeek9/24/10
EU Says It Remains Confident Ireland Will Meet Fiscal Targets - by Andrew Clapham
The European Commission is confident that Ireland will take the necessary measures to meet its fiscal targets, commission economics spokesman Amadeu Altafaj told reporters in Brussels today.
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