04/03/2020 (Agence Europe) – The European Commission proposed on Wednesday 4 March to open an Excessive Deficit Procedure against Romania, whose public finances have deteriorated. According to the ‘European Semester’ budget package presented at the end of February, Romania’s deficit is expected to reach 5.1% of GDP in 2019 and grow to 5.4% in 2021, due to a consumption boom supported by fiscal measures. The opening of the Excessive Deficit Procedure is endorsed by the Economic and...