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

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…

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