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Europe Daily Bulletin No. 12452

24 March 2020
Contents Publication in full By article 1 / 29
EU RESPONSE TO COVID-19
ECONOMY: conditions for activating general escape clause of Stability Pact are fulfilled, Member States agree
Brussels, 23/03/2020 (Agence Europe)

On Monday 23 March, the European Finance Ministers agreed that the conditions were fulfilled to activate the general escape clause provided for in the Stability and Growth Pact (Regulations 1466/97 and 1467/97) in order to strengthen the budgetary measures to fight the COVID-19 pandemic in an unprecedented way.

"Ministers agree with the assessment of the European Commission (...) that the conditions for the use of the general escape clause - a severe economic downturn in the euro area or the...

Contents

EU RESPONSE TO COVID-19
SECURITY - DEFENCE
EXTERNAL ACTION
SECTORAL POLICIES
INSTITUTIONAL
NEWS BRIEFS