MNI BRIEF: Dombrovskis: Extended Debt Plan Would Help Germany
MNI (LONDON) - An extended EU medium-term fiscal-structural plan would help Germany address its current economic problems, Economy Commissioner Valdis Dombrovskis said Wednesday.
Under the new EU fiscal rules, states can choose whether to request a four- or a seven-year plan, but choosing the longer plan must be accompanied by a programme of reforms and investments "Should that request come from the new German government, we will be ready to engage in this discussion and certainly additional reforms and investments may help address Germany's competitiveness problems," the commissioner told reporters.
Germany is one of the few EU governments yet to submit such a plan. It will be up to the new government to be elected in February to decide what length of plan to opt for.