Skip to content
Politics
Economics

Germany Resisting EU Commission Drive to Simplify Budget Rules

  • Berlin wants to retain use of complex data to assess economies
  • Indicators seen as unreliable gauge of economic performance

Germany is resisting a key element of a push to simplify European Union budget rules led by the bloc’s executive and some other member states.

Chancellor Olaf Scholz’s ruling coalition wants to continue assessing public finances using a theoretical judgment that factors in where economies are in the economic cycle, according to a German government paper seen by Bloomberg. That’s even after they have been questioned by senior EU officials and some experts, who argue that the data are complex and volatile and hinder transparency.