Headline

Legislative proposals for stronger EU economic governance

"the Commission proposal clarifies the criteria for assessing compliance with the recommendations at each step, including the possibility to allow an extension of the deadlines for the correction of the excessive deficit, by placing explicit emphasis on the fiscal variables that can be assumed to be under the direct control of the government, notably expenditure. Beyond these country-specific circumstances, the possibility of extending the deadlines is introduced also in case of a crisis threatening the smooth functioning of EMU."

Last update: 21/04/2014 |  Top