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The financial and economic crisis - a chronological overview - January 2010

The crisis has called for concerted action at both the European and the international level. The EU has taken a series of bold measures to restore confidence, stability and sustainability in the financial markets.

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27 January 2010
Commission assessment on Malta, Lithuania, Hungary and Latvia

The Commission concluded that Hungary, Latvia, Lithuania and Malta had taken effective action to correct their budget deficits and extends deadlines for Lithuania and Malta.

>> Economy and Finance. Commission assessment on Malta, Lithuania, Hungary and Latvia.

18 - 19 January 2010
Eurogroup and ECOFIN ministers meetings of 18 and 19 January 2010

The Council adopted conclusions on government deficit and debt statistics in Greece and urged the Greek government to tackle outstanding problems. The European Commission will propose measures to bring the Greek statistical system into line with EU requirements and will develop an action plan by February to that purpose. 

The Council also approved a first draft directive on mutual assistance to recover taxes.

Following the entering into force of the Lisbon Treaty of 1 December 2009, Eurogroup finance ministers appointed Mr Juncker as President of the Eurogroup.

>> Economy and Finance. Eurogroup and ECOFIN ministers meetings of 18 and 19 January 2010
>> Council conclusions

11 January 2010
Eurostat report on Greek government deficit and debt statistics

This report questions the reliability of Greek figures in general and recent Greek revisions of excessive deficit procedure notifications.
>> COM(2010) 1 final. Report on Greek government deficit and debt statistics



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