Free Trial

MNI BRIEF: No EU Deal Yet On Fiscal Rules As Talks Stall

(MNI) LONDON
(MNI) Brussels

EU finance ministers failed to reach a deal in negotiations over new EU fiscal rules in late night talks Thursday that continued until early in the morning, sources said.

The most important stumbling block remains intact - a split between France and Germany over whether to define an excessive deficit based on the primary or structural budget balance, an important distinction for France which may well face an Excessive Deficit Procedure next year.

Sources said talks would continue in coming days and there is talk of finance ministers meeting again following the EU summit on December 13-15 where leaders may issue guidance to the ministers.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.