ECONOMY - FINANCE - BUSINESS / Economy

Flexibility in EU fiscal rules could help relieve economies affected by COVID-19

Brussels, 26/02/2020 (Agence Europe)

The European Commissioner for the Economy, Paolo Gentiloni, said on Wednesday 26 February that “discussions” would begin “in the coming months” on the possible use of the flexibility of the Stability and Growth Pact to help Member States whose economies are affected by the COVID-19 virus epidemic and who are struggling to meet their fiscal commitments.

“There are flexibility clauses in the Pact that deal with exceptional circumstances. How these exceptional circumstances can be...