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Europe Daily Bulletin No. 12574

6 October 2020
ECONOMY - FINANCE - BUSINESS / Economy
Freeze on Stability and Growth Pact is likely to be maintained in 2021, according to Paolo Gentiloni
Brussels, 05/10/2020 (Agence Europe)

The Commissioner for Economy, Paolo Gentiloni, said, on Monday 5 October, that the activation of the general escape clause of the Stability and Growth Pact, which froze the budgetary rules in 2020 because of the Covid-19 pandemic, “will remain active in 2021”.

We are not in the same situation as we were in the spring, but we are still living with the virus. For this reason, emergency budgetary measures and measures to promote economic recovery will have to “coexist” and the...

Contents

INSTITUTIONAL
EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SECURITY - DEFENCE
SECTORAL POLICIES
NEWS BRIEFS
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