The loans that Member States will take out from the European Commission to finance their national plans under the Next Generation EU Recovery Plan will be accounted for as public debt under the rules of the Stability and Growth Pact, said Commission Vice-President Valdis Dombrovskis on Tuesday 16 February.
“When Member States are taking loans, it adds to the level of Member States’ public debt”, said Dombrovskis at the end of the Ecofin Council. At the same time, this will be done on...