EU eyes multi-year fiscal plans that include investment, reform – Gentiloni
The ongoing reform of EU fiscal rules could give governments more leeway in plans that combine debt cuts with investment and reforms, in exchange for greater accountability, the EU’s Economic Commissioner Paolo Gentiloni said. Speaking to an insurance conference in Rome, Gentiloni said the European Commission would present proposals on how to reform the rules, called the Stability and Growth Pact, in October. The rules are meant to safeguard the value of the euro by preventing excessive government borrowing.
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