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MNI: Talks Turn Tough Ahead Of Dec 8 EU Fiscal Rules Meeting

(MNI) Brussels

Big differences between Germany and France ahead of a crunch meeting on new EU fiscal rules.

Talks aimed at securing agreement on new European Union fiscal rules are getting tougher in the countdown to Friday’s crunch meeting of finance ministers, officials told MNI, with one saying the chances of a deal were just 50-50.

The European Commission is prioritising the search for a way of meeting German demands for a tougher line on countries violating rules on overall borrowing, with officials told to come up with calculations to show how a new more stringent compromise proposal for debt cuts might work in specific national cases before Friday.

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Talks aimed at securing agreement on new European Union fiscal rules are getting tougher in the countdown to Friday’s crunch meeting of finance ministers, officials told MNI, with one saying the chances of a deal were just 50-50.

The European Commission is prioritising the search for a way of meeting German demands for a tougher line on countries violating rules on overall borrowing, with officials told to come up with calculations to show how a new more stringent compromise proposal for debt cuts might work in specific national cases before Friday.

Keep reading...Show less