Business World

Tuesday 30 May 2017

EU considers softening fiscal stability rules

The European Commission is seriously considering the requests of nine European Union nations to soften fiscal stability rules to recognise their pension reform efforts, European Commissioner for Economic and Monetary Affairs Olli Rehn said yesterday.

However, he said it was also important for the EU to retain "rigorous rules". Hungary and eight other mostly Eastern European nations have asked for leeway in meeting the debt and fiscal deficit limits imposed under the Growth and Stability Pact.

Irish Independent

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