Reuters exclusively reported that The European Union is close to agreeing provisions in revamped fiscal rules to enable extra military spending in the wake of Russia’s invasion of Ukraine.
EconomyGovernment
New rules would give Europe more scope for military spending post-Ukraine invasion
07 September 2023, 5:06 pm 1 minute
Market Impact
EU fiscal rules underpin the euro currency used in 20 nations by limiting government borrowing. They set a ceiling on budget deficits at 3% of GDP and on public debt at 60% of GDP. The bloc’s executive European Commission is supposed to start disciplinary steps against countries that exceed these limits.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public Services
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
