Economics

War Brings EU Closer to Suspending Fiscal Rule Again for 2023

  • ‘Too much uncertainty’ clouds outlook for Commission
  • Commissioner Gentiloni pledges to reassess situation in May

Paolo Gentiloni

Photographer: John Thys/AFP/Getty Images

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European Union officials are opening the door to suspending their regime limiting debt and deficits for a fourth year as the Russian invasion of Ukraine prompts more spending and clouds the economic outlook.