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MNI BRIEF: EU Fiscal Rule Reforms Possible In H2 2023-Spain

(MNI) ROME

Proposed new EU fiscal rules would take more account of individual countries' circumstances.

Final agreement among EU member states over a reform of the bloc’s fiscal rules could be reached during the Spanish presidency in the second half of 2023, sources from the Spanish government told MNI after the European Commission made public its proposal for an overhaul of the Stability and Growth Pact.

Madrid welcomed the Commission’s proposal, which was “inspired by the Spanish-Dutch paper presented in March in its basic principles of national appropriation, medium-term approach and recognition of countries’ differences,” the Finance Ministry said in a statement.

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Final agreement among EU member states over a reform of the bloc’s fiscal rules could be reached during the Spanish presidency in the second half of 2023, sources from the Spanish government told MNI after the European Commission made public its proposal for an overhaul of the Stability and Growth Pact.

Madrid welcomed the Commission’s proposal, which was “inspired by the Spanish-Dutch paper presented in March in its basic principles of national appropriation, medium-term approach and recognition of countries’ differences,” the Finance Ministry said in a statement.

Keep reading...Show less