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VdL-New Reality Of Higher Public Debt; Ideas For Changing Fiscal Rule In Oct

EU

Commission President Ursula von der Leyen states that EU member states must come to terms with much higher public debt as a long-term issue, with revised EU fiscal rules taking this into account.

  • VdL: 'We have to acknowledge a new reality of higher public debt'.
  • VdL: 'We need fiscal rules that allow for strategic investment, while safeguarding fiscal stability'.
  • VdL: 'EU gov'ts should have more flexibility on their debt reduction paths...fiscal rules should be simpler'
  • VdL: 'EU countries should be more accountable on how they deliver on agreed fiscal rules....Commission will publish ideas for changes to EU fiscal rules in October.'
  • VdL: SME relief package-single set of tax rules for doing business in the EU.
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