EU Exec Rejects Greek, Italian Requests for More Fiscal Rules Flexibility
11 Articles
11 Articles
EU exec rejects Greek, Italian requests for more fiscal rules ...
Brussels cannot make exceptions to national budgetary rules ‘all the time’, said European Commissioner Valdis Dombrovskis (Economy) following a meeting of finance ministers from the eurozone countries. Greece and Italy previously sent a letter requesting flexibility from Brussels regarding the budgetary rules due to high inflation and energy prices.
(Teleborsa) - Italy pushes for new flexibility on the rules of the Stability Pact, in addition to the safeguard clauses already activated for energy and defence expenditure, but from Brussels it is necessary to...
European Commission Economic Affairs Commissioner Valdis Dombrovskis called on Eurozone countries to maintain fiscal discipline, rejecting Italy and Greece's proposal for greater flexibility in fiscal rules, according to Bloomberg.
Economics Commissioner Valdis Dombrovskis rejects the request of Greece and Italy, believing that Brussels rejects giving countries more fiscal flexibility because of the energy crisis by understanding that it would undermine the credibility of the spending rules and ensures that fiscal sustainability is a vital asset. Read
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