EC prepares to overhaul Stability and Growth Pact
Oct 18, 2021
EC prepares to overhaul Stability and Growth Pact — — -Brussels (Brussels Morning) The European Commission is preparing to update the Stability and Growth Pact to better fit EU needs in the wake of the coronavirus crisis.
Overhauling the rules for EU member states’ budgeting is expected to take at least until the end of 2022, Reuters reports.
The rules have become increasingly cumbersome since their introduction in 1997. Then they started out as a simple resolution along with two regulations totalling roughly 12 pages in all.
They
