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Austria Calls for Strict Return to Fiscal Rules in 2023 Budgets

Gernot Bluemel

Gernot Bluemel

Photographer: Valeria Mongelli/Bloomberg

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The debate over how quickly European Union members should cut down the massive debt accumulated during the Covid-19 pandemic will likely heat up in the coming months, as governments in favor of fiscal stability push to reimpose tighter limits on spending despite risks that the recovery loses momentum.