OTE’s liability to cover such ad hoc deficits of TAP-OTE increased yet further its non-wage costs compared to its competitors and new entrants in the market and constituted a clear disadvantage for the company.

Notably, on the expenditure side, the 2009 budget execution points to sizeable expenditure overruns in 2009 of which more than half is attributed to higher-than-budgeted outlays for compensation of employees and increased capital spending.

EUROPA - EU law and publications - EUR-Lex - EUR-Lex - 32006R0883 - EN - Commission Regulation (EC) No 883/2006 of 21 June 2006 laying down detailed rules for the application of Council Regulation (EC) No 1290/2005 as regards the keeping of accounts by the paying agencies, declarations of expenditure and revenue and the conditions for reimbursing expenditure under the EAGF and the EAFRD - COMMISSION REGULATION // TOTAL EXPENDITURE EFFECTED AND ASSIGNED REVENUE RECEIVED DURING A MONTH (ARTICLE 4(1)(A)) // MONTHLY DECLARATION OF EAGF EXPENDITURE (ARTICLE 4(1)(B)) // T 104 - DATA BROKEN DOWN ACCORDING TO THE NOMENCLATURE OF THE BUDGET OF TH ...[+++]E EUROPEAN COMMUNITIES AND BY TYPE OF EXPENDITURE // CORRELATION TABLE

The French law on Employee Saving Plans requires mutual funds, which collect money from the Employee Saving Plans, the Inter-companies Saving Plans and the Voluntary Partnership Employee Saving Plans, to report on their policies on socially responsible investing.

- the budget execution should pay close attention to primary current expenditure, especially health expenditure and the government's wage bill, in order to generate an efficient and permanent budgetary consolidation; if evidence of overheating will emerge, a tight fiscal stance should be adopted,

After 2000, fiscal policy gradually contributed to a stable macro-economic environment with expenditure being cut, including the reduction of the public wage bill and the restructuring of expenditure towards capital expenditure, although this process stalled in 2003.