Latest News

EU to wait till spring to decide when to reinstate borrowing limits- von der Leyen

0
Economy56 minutes ago (Dec 10, 2021 16:41)

© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen delivers a media statement on the coronavirus disease (COVID-19) pandemic at the European Commission headquarters in Brussels, Belgium, November 26, 2021. REUTERS/Johanna Geron/Pool

BRUSSELS (Reuters) – The European Union will wait until the spring to assess the economic situation across the bloc and then consider whether to continue with the suspension of government borrowing limits, European Commission President Ursula von der Leyen said.

She told a news conference with German Chancellor Olaf Scholz that a “pandemic escape clause” on any borrowing curbs still applied in 2022. A review of the rules, called the Stability and Growth Pact, would be needed next year before the rules were reinstated, she said.

The European Commission is in charge of enforcing EU rules that cap government budget deficits and debt to safeguard the euro.

EU to wait till spring to decide when to reinstate borrowing limits- von der Leyen

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

MARKET WRAP: FTSE slips lower, USD soft, crude higher

Previous article

Q4 GDP Forecasts: Moving Up

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News