Brussels launches the revision of the deficit and debt rules after the Covid crisis
The European Commissioner for the Economy, Paolo Gentiloni.
Reuters
The irruption of the pandemic of Covid-19 and the strong economic contraction that caused in the Twenty-seven last year forced the European Commission to freeze the debate on the reform of the Stability and Growth Pact - which establishes limit values a public deficit of 3% of GDP and one public debt 60%- already put budget rules on hold until 2023. With the economic recovery underway and the bulk of countries returning to their pre-covid levels, the European Commission reac...