EU finance ministers reach deal on reform of EU fiscal rules
- European Union
- Reuters
- Published Date: 08:14 | 20 December 2023
- Modified Date: 08:14 | 20 December 2023
European Union finance ministers agreed on Wednesday the latest reform of the bloc's two-decade-old fiscal rules, giving themselves more time to cut public debt and creating incentives for public investment even during budget consolidation.
The reform comes after national debt levels were pushed to new record-highs by pandemic recovery programmes and with the region needing to embark on new spending to keep its climate, industrial policy and security goals on track. (
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