Looking at recent fiscal developments in the new Member States, the picture is very diverse (see slides 7 and 8). Thee two charts show the fiscal positions in the new Member States and the reference values as defined in the Treaty.
Y V Reddy: Issues in implementing international financial standards and codes Public lecture by Dr Y V Reddy, Deputy Governor of the Reserve Bank of India, at the Centre for Banking Studies of the Central Bank of Sri Lanka, Colombo, 28 June 2001.