The Eurogroup agrees with the European Commission's assessment on Malta that there is a risk for a significant deviation from the adjustment part of the draft budget.

This emerged during a Eurogroup meeting held in Brussels today for eurozone country finance ministers.

Another conclusion which emerged is that a timely and sustainable correction of the excessive deficit must be ensured. According to the latest European Commission's assessment, Malta's structural fiscal effort in 2015 will be -0.2% of GDP whereas 0.6% of GDP is required.