News – US – EU decide to extend Stability Pact suspension in the coming weeks


Europe will decide whether to extend the suspension of its budget deficit and debt limitation rules known as the Stability and Growth Pact (SGP) In the coming weeks, the economic commissioner Paolo Gentiloni said on Monday

“In the coming weeks we will decide whether and how to extend the freeze on the pact and in the coming months we will think about how we can recalibrate it according to Europe’s new strategic objectives,” Gentiloni told the daily La Stampa in an interview

He added that the new government, led by former head of the European Central Bank, Mario Draghi, was fundamental to restoring confidence in Italy and that it would help reduce potential opposition from other European member states Overcoming SGP Reform – Reuters

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News – USA – EU decide to extend suspension of Stability Pact In the coming weeks