The European Commission will present its proposal to reform the European economic governance framework on Wednesday 26 April, despite intense pressure from Germany in recent days to delay the initiative if it does not sufficiently tighten the common rules on public finance consolidation.
In broad terms, the legislative package - amendments to Regulation 1466/97 on the preventive arm of the Stability and Growth Pact, Regulation 1467/97 on the corrective arm of the Pact and Regulation 2011/85...