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MNI: Germany To Clarify Position On EU Debt Rules-Officials

(MNI) Brussels

Germany is set to outline its thoughts on reforming EU debt rules in the next few weeks.

EU officials are waiting for Germany’s coalition government to clarify its stance on the reform of Europe’s fiscal rules ahead of what are likely to be intensive discussions among finance ministers as well as within a still-divided European Commission in September, they told MNI.

Brussels officials expect Germany to submit a position paper in the coming weeks. But while German Finance Minister Christian Lindner is willing to see some public investment exempted from rules limiting borrowing under the Stability and Growth Pact, EU officials fear that agreeing a common position may be more difficult, given the make-up of the country’s red-yellow-green coalition.

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EU officials are waiting for Germany’s coalition government to clarify its stance on the reform of Europe’s fiscal rules ahead of what are likely to be intensive discussions among finance ministers as well as within a still-divided European Commission in September, they told MNI.

Brussels officials expect Germany to submit a position paper in the coming weeks. But while German Finance Minister Christian Lindner is willing to see some public investment exempted from rules limiting borrowing under the Stability and Growth Pact, EU officials fear that agreeing a common position may be more difficult, given the make-up of the country’s red-yellow-green coalition.

Keep reading...Show less