EU
Government supports EU bid to reform national debt reduction rules
Proposed reforms would allow for a more flexible and customised approach to borrowing and debt reduction, but Germany has raised serious concerns about the moves
The Irish government “strongly supports” EU proposals to radically overhaul national debt sustainability rules, the Business Post has learned.
In recent meetings of European finance ministers, Michael McGrath, the Minister for Finance, has expressed Ireland’s support for new European Commission proposals to reform the bloc’s fiscal rules.
The commission’s proposed reforms would allow for a more flexible and customised approach to borrowing and debt reduction in member states.
They are in part a recognition of ...
