Donohoe says any easing of EU borrowing limits will be ‘challenging’
European borrowing limits could potentially be eased due to member states running up large debts during the Covid-19 pandemic
Any reform of European Union fiscal rules will be “challenging”, but starting the debate is “welcome”, Paschal Donohoe has said.
The Minister for Finance and current president of the Eurogroup was responding to the potential easing of European borrowing limits, in light of much larger debts accumulated by member states during the pandemic.
A new paper published last week by economists at the European Stability Mechanism (ESM), the EU’s bailout fund formed in the wake ...