• Germany Finance Minister: "Deficit rules in the EU must be reactivated as soon as possible"

  • Direct All the last hour of the War in Ukraine

The European Commission (EC) proposed this Monday to keep the European rules for controlling the public deficit and debt frozen for 2023, one year longer than expected due to the impact of the war in Ukraine on the economy of the European Union.

"Exacerbated uncertainty and strong downside risks to the economic outlook in the context of the war in Ukraine, unprecedented increases in

energy prices and continued

supply chain

disruptions

justify the extension of the general escape clause in 2023," the Community Executive said in a statement.

The rules will be back in force in 2024

, according to the proposal put forward by the Commission in the so-called spring package of the European Semester and which must be approved by the Member States.

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