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EU preparing to extend fiscal slack
By EUobserver
The EU is preparing to extend a freeze on excessive public borrowing, in order to help cope with the pandemic. "In coming weeks we will decide if and how to extend the freezing of the [Stability and Growth] Pact, and in the coming months we will start thinking about how to re-calibrate it according to Europe's new strategic objectives," EU economic affairs commissioner Paolo Gentiloni told Italy's La Stampa Monday.