The European Commission did not reject any draft budgetary plan for 2020 submitted in mid-October by the 19 euro area countries on Wednesday 20 November. It simply asked eight of them – Belgium, Spain, Finland, France, Italy, Portugal, Slovenia, Slovakia – to make additional efforts by next spring as part of the normal budgetary examination procedure, considering that their draft budgetary plan contains a “risk of non-compliance with the Stability and Growth Pact”.
As no eurozone...