MNI POLICY: EU Commission Calls For Debt Pact Suspension

By David Thomas

     BRUSSELS(MNI) - The European Commission said it had recommended the

suspension of the Stability and Growth Pact setting limits on eurozone debt and

fiscal deficits as member states battle coronavirus.

     "These are not normal times and there can be no business as usual," said

European Union Economics Commissioner Paolo Gentiloni, "I am confident the

Council will give its swift agreement to this necessary proposal."

--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com

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