Negotiators from the EU states and the European Parliament agreed in principle on the new rules in Brussels on Saturday night. The reform is intended to modernize the stability pact.
The aim is to enable investments and at the same time prevent individual member states from becoming too indebted. According to the agreement reached by the negotiators, the new regulation still requires the final approval of the member states and European Parliament. The new rules combine “clear figures for lower deficits and falling debt ratios with incentives for investment and structural reforms”