Free Trial
AUDUSD TECHS

Corrective Bounce Extends

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Still In Play

EURJPY TECHS

Remains Above The May 12 Low

AUSSIE 3-YEAR TECHS

(M2) Gains Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: EU To Postpone Decision On Debt Rule Freeze - Officials

MNI (Brussels)

The Ukraine war does not look like triggering an EU recession for now, making it too early to extend a debt rule waiver, officials say.

The European Commission is likely to postpone a decision on whether to extend the escape clause waiving EU Stability and Growth Pact rules on borrowing and debt until the summer, with this coming Monday’s Spring Forecasts unlikely to indicate an imminent recession, EU sources told MNI.

“In March, the Commission was pretty upfront and said in an open way that they would revise fiscal guidance at the time of the Spring forecasts and leave wide open the door to prolonging the Escape Clause in May,” one source said. “I have the impression that they are having second thoughts in terms of timing, although not in principle.”

Keep reading...Show less
265 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The European Commission is likely to postpone a decision on whether to extend the escape clause waiving EU Stability and Growth Pact rules on borrowing and debt until the summer, with this coming Monday’s Spring Forecasts unlikely to indicate an imminent recession, EU sources told MNI.

“In March, the Commission was pretty upfront and said in an open way that they would revise fiscal guidance at the time of the Spring forecasts and leave wide open the door to prolonging the Escape Clause in May,” one source said. “I have the impression that they are having second thoughts in terms of timing, although not in principle.”

Keep reading...Show less