EU needs 'more gradual' euro zone debt reduction rules - Gentiloni

The euro zone needs "more gradual" debt reduction rules that also focus on growth, the European Union (EU)'s Economy Commissioner Paolo Gentiloni said on Wednesday. Germany "is not convinced" about the need for a "further graduality" in debt reduction rules, "but this graduality is part of the reality in which we are," Gentiloni said.

The euro zone needs "more gradual" debt reduction rules that also focus on growth, the European Union (EU)'s Economy Commissioner Paolo Gentiloni said on Wednesday. "We need more gradual debt reduction and we also need to focus not just on debt reduction but also growth," Gentiloni told Italian RAI public radio.

Euro zone members are currently discussing a revision of their budget discipline rules. Germany "is not convinced" about the need for a "further graduality" in debt reduction rules, "but this graduality is part of the reality in which we are," Gentiloni said.