The European finance ministers approved their negotiating position on the reform of the Stability and Growth Pact on Wednesday 20 December at the end of a two-hour remote meeting (see EUROPE B13308A1).
This is “very good news for Europe” which concludes a successful Spanish Presidency of the Council of the European Union: the Ecofin Council has reached an agreement on a reform of the fiscal rules that is “balanced, realistic and adapted to the current and future challenges” of the...