EU starts debate on budget rules amid high debt, investment needs

EU starts debate on budget rules amid high debt, investment needs

By Jan Strupczewski BRUSSELS - The European Commission opened a debate on Tuesday on how to reform the European Union's fiscal rules to deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change. "We are re-launching this review of our economic governance against a backdrop of enormous investment needs, as the climate emergency becomes

EU starts debate on budget rules amid high debt, investment needs

The European Commission opened a debate on Tuesday on how to reform the European Union’s fiscal rules to deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change.“We are re-launching this review of our economic governance against a backdrop of enormous investment needs, as the climate emergency becomes more acute with every passing year,” European Economic Commissioner Paolo Gentiloni said.“At…