EU Budget Rules to Return After Crisis: Dombrovskis

Budget restrictions for European Union member states will apply again after the coronavirus-driven recession is over, European Commission Executive Vice President Valdis Dombrovskis said in an interview with Corriere della Sera.

The EU’s stability pact -- rules to ensure members pursue sound public finances and coordinate fiscal policy -- remains active, Dombrovskis said in the interview published Saturday, specifying that the bloc’s general escape clause has been activated.