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Image header Agence Europe
Europe Daily Bulletin No. 13629
ECONOMY - FINANCE - BUSINESS / Economy

Germany activates national escape clause of Stability Pact

On Monday 28 April, the European Commission confirmed that it had received a letter from Germany officially requesting activation of the national escape clause in the Stability and Growth Pact (see EUROPE B13612A25).

Germany is the first country” in the European Union to have done so, said Balazs Ujvari, the EU institution’s budget spokesperson. He added that the Commission was actively engaged in discussions with all Member States with a view to facilitating a coordinated...

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