chance of any concrete enforcement action at present,” said Daniel Gros, the director of the Center for European Policy Studies, a research organization in Brussels. “In one way or another, the commission has put a majority of member countries into the review, and when you put everyone in the same boat you reduce the scope for identifying standout case. Over all, the European Union has shrunk its average budget deficit by around half since a peak of almost 7 percent of gross domestic product in 2009 and…
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