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At a time when it is negotiating its 2014 budget with Brussels, the Danish government has been obliged to cut its forecast for growth in 2013, from 1.25 per cent to 0.75 per cent.
In view of this situation, “the country’s public spending deficit may exceed the 3 per cent of GDP authorised by the Fiscal Stability Treaty,” notes the daily, which continues —
As early as 2010, the EU recommended that Denmark reduce its deficit by 1.5 per cent before the end of 2013. […] In view of the decline in growth, it appears that, for the first time, the country is not going to comply with recommendations.
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