EU fiscal rules


Brussels Believes That The Proposal By Spain And The Netherlands To Reform European Fiscal Rules “Goes In The Right Direction”

The proposal to reform fiscal rules presented by Spain and the Netherlands to the Eurogroup on Monday has been warmly welcomed. The European Commission likes what the document says. “It’s going in the right direction”, said the Commissioner for the Economy, Paolo Gentiloni, at the end of the Eurogroup meeting on Monday, in which all the finance ministers of the euro area are represented. The Italian also acknowledged that the…

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Juncker wins fiscal flexibility for his investment plan

BRUSSELS | By Alexandre Mato | Having failed to secure sufficient funding from Member States at the last EU Summit, this could be the first real economic victory in the months since the new Commission was formed. Flexibility is the new buzzword in Brussels, with calls growing for a “smarter application of the Stability and Growth Pact, Commissioner Moscovici announced.