EU eyes individual debt reduction paths for EU countries
The European Commission will present in the second half of October proposed changes to European Union fiscal rules that are likely to offer countries individual debt reduction paths, Commission Vice President Valdis Dombrovskis said. At a news conference after EU finance ministers held talks in Prague, Dombrovskis said the main goal of the rules, designed to safeguard the value of the euro, would remain making sure public debt was sustainable. EU rules say public debt must be below 60% of gross domestic product (GDP) and government deficits below 3% of GDP.
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