The European Commission believes that the economic recovery is still fragile because of the continuing uncertainties linked to the Covid-19 pandemic, and so, on Wednesday 3 March proposed extending the freezing of the Stability and Growth Pact in the European Union until the end of 2022.
Valdis Dombrovskis, Executive Vice-President of the Commission, said that the decision, which will be taken in the spring, will depend on “quantitative criteria”, “the key element” being the time...