Following ferocious debates between member states about spending rules in March, the EU Commission is now set to present legal proposals in late April.
In it, the commission proposes that highly-indebted member states should come up with debt-reduction plans to get their arrears down after four years and are allowed to extend this period for another three years to allow for investments to kickstart growth.
Hawkish member states have said this is too lenient. And on Wednesday (5 ...
Back our independent journalism by becoming a supporting member
Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.