Commission defends gradual return to fiscal discipline to avoid ‘mistakes’ of austerity

By |maj 20th, 2020|Austerity, coronavirus recovery plan, country-specific recommendations, News, Paolo Gentiloni, Valdis Dombrovskis|

The European Commission could start controlling deficit and debt levels from next year, once the recession is over. But the road to balancing public accounts again will avoid the “mistakes” of the last crisis, the institution said on Wednesday (20 May). 

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Five takeaways from the EU’s economic recommendations to member states

By |junij 6th, 2019|Belgium, country-specific recommendations, European semester, Germany, Greece, Greece bailout, Italy, News, Spain|

While the public finances of all EU member states are now officially out of the “red zone”, the European Commission on Wednesday (5 June) still had tough economic policy recommendations for Spain, Italy, Belgium, Greece and Germany.

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Moscovici applauds Italy, Portugal, Spain fiscal progress

By |maj 23rd, 2017|country-specific recommendations, Eurozone, Italy, News, Pierre Moscovici, Portugal, SGP, Spain, stability and growth pact|

Portugal, Italy and Spain became yesterday (22 May) illustrative examples of the new period Europe enjoys. The executive congratulated Lisbon and Madrid for turning their economies upside down, just one year after they became the first countries that breached the fiscal rules, while it gave its blessing to Rome’s adjustments, one of the eurozone’s troublemakers.

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