French President Emmanuel Macron and Italian Prime Minister Mario Draghi called Thursday (23 December) on Brussels to reform its fiscal rules to allow greater investment spending while acknowledging the necessity to reduce debt.
Under a Liberal-led finance ministry, Germany will take a hard line on EU fiscal policy and reject calls from southern EU countries to relax fiscal rules. However, the business-friendly FDP is open to compromise. EURACTIV Germany reports.
Ahead of a new push by the European Commission to reform the EU’s fiscal rules, the chief of the bloc’s bailout fund, Klaus Regling pointed out the danger of sticking to rules that have become “economically nonsensical”.
