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MNI: EU Excessive Debt Procedures Under New Rules-Officials

(MNI) Brussels

The decision to quickly adopt more flexible rules will be a relief to countries including Italy.

Excessive Deficit Procedures against a group of eight to 10 European Union countries to be launched on June 26 will be defined under the terms of reformed and more flexible fiscal rules finalised in Trilogue talks with the European Commission and Parliament last week, officials in Brussels told MNI.

The Commission is also likely try to announce new so-called “technical trajectories” for the public finances of all EU member states, a key element under the new rules, as the same time as the procedures, the sources said.

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Excessive Deficit Procedures against a group of eight to 10 European Union countries to be launched on June 26 will be defined under the terms of reformed and more flexible fiscal rules finalised in Trilogue talks with the European Commission and Parliament last week, officials in Brussels told MNI.

The Commission is also likely try to announce new so-called “technical trajectories” for the public finances of all EU member states, a key element under the new rules, as the same time as the procedures, the sources said.

Keep reading...Show less