• EU ministers stress need for EU budget rules to support investment

Market news

10 September 2021

EU ministers stress need for EU budget rules to support investment

Reuters reports that European Union finance ministers stressed that any changes to EU budget rules, now under review, should support continued investment in the post-pandemic economy.

EU budget rules, which set limits on government borrowing to protect the value of the euro, are now suspended until the end of next year to give EU countries leeway in fighting the economic slump caused by the coronavirus pandemic.

Some officials propose that once the rules are reinstated in 2023, they should allow for continued large government investment, especially in fighting climate change.

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