EU Commissioner aims to present stability pact reform after summer


Reuters | Trento | Updated: 04-06-2022 16:24 IST | Created: 04-06-2022 15:37 IST
EU Commissioner aims to present stability pact reform after summer
Paolo Gentiloni Image Credit: Wikipedia
  • Country:
  • Italy

EU Economic Commissioner Paolo Gentiloni aims to present reform of the eurozone stability pact after the summer, adding the new rules would likely envisage country-specific debt targets.

Speaking at an event in Italy, Gentiloni said that the Commission wants to make the reformed borrowing limits "less abstract and rigid".

Eurozone finance ministers agreed last month they would gradually shift their fiscal policies from supportive this year to neutral in 2023.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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