Free Trial

MNI POLICY: EC Sees 2 States Submitting Debt Plans By Sept 20

MNI (BRUSSELS) - Only Malta and Denmark will submit fiscal-structural plans by the Sept 20 deadline under the EU's new fiscal rules, though 16 more countries should have sent plans as well as Draft Budget Plans for 2025 by Oct 15, MNI understands.

The latter group consists of Czechia, Germany Estonia, Ireland, Greece, Spain, Italy, Cyprus, Latvia, Luxembourg, Netherlands, Poland, Portugal, Slovenia, Slovakia and Finland, MNI understands. France and Belgium are likely to submit plans later.  (See MNI: Most EU States To Miss Debt Plan Deadline - Sources)

The Commission has encouraged states to submit new medium-term fiscal-structural plans ahead of or at the same time as their 2025 DBPs, the deadline for which is Oct 15, so as to better align the procedure under new rules.

While Italy is expected to submit a plan by Sept 23, MNI understands that the Commision does not regard this as a formal submission but rather as a publication which is required for domestic consumption. (See  MNI: Italy To Hand In Debt Plan On Time, May Adjust-Sources )

MNI Brussels Bureau | david.thomas.ext@marketnews.com
MNI Brussels Bureau | david.thomas.ext@marketnews.com

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.