The President of the Eurogroup, Paschal Donohoe, cast doubts, on Thursday 29 June, on the ability of European finance ministers to agree on the introduction of a ‘golden rule’ that would allow certain public investments to be excluded from the calculation of the deficit as part of the ongoing reform of the Stability and Growth Pact.
“Some Member States are making the case for (a golden rule). But if you begin to say that some form of expenditure will be excluded, you'll have other...