Gentiloni: "The stability pact dates back to the crisis years, now it must be adjusted"

2019-12-09T10:04:17.049Z

The stability pact was conceived at a time of crisis, and now it must be reviewed. European Commissioner Paolo Gentiloni says this in an interview with the Sueddeutsche Zeitung. "We must make it clear that these rules were born at a particular time, in the context of a crisis. But now we are out of this crisis. And we have other challenges ahead of us: the fight against climate change and the danger of having, for a long period, low growth and low inflation ". "In this context European rules must be gradually adapted". The commissioner wants to act quickly. And he explains first of all that he wants to evaluate the advantages and disadvantages of the rules. "There will be consultations on this basis and in the second half of 2020 we could present proposals," the former Italian premier said.