In accordance with the deadline of 15 October each year set by the Stability and Growth Pact, the euro area countries have submitted their draft budget plans for 2021 to the European Commission. An exercise shaken by the Covid-19 pandemic.
The Commission will present its opinions on these plans on Wednesday 18 November, together with its recommendation on the fiscal stance at euro area level and its reports on macroeconomic imbalances and employment policies. Normally, it is during this...