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MNI: EU Nears Fiscal Rules Deal In Trilogue Talks - Sources

(MNI) Brussels

The European parliament wants more flexibility for investment as the price for approving new EU fiscal rules.

Three-way institutional talks to finalise new European Union fiscal rules are nearing a deal this week which would see more flexibility for borrowing to finance investment and possibly measures to protect disadvantaged members of society, officials close to the talks told MNI.

Representatives of the European parliament are insisting on easier treatment for investment as the price for accepting tougher rules limiting budget deficits to 1.5% of GDP over the medium term which were agreed by member states Dec 20. Negotiators

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Three-way institutional talks to finalise new European Union fiscal rules are nearing a deal this week which would see more flexibility for borrowing to finance investment and possibly measures to protect disadvantaged members of society, officials close to the talks told MNI.

Representatives of the European parliament are insisting on easier treatment for investment as the price for accepting tougher rules limiting budget deficits to 1.5% of GDP over the medium term which were agreed by member states Dec 20. Negotiators

Keep reading...Show less