Fast EU Deal on Fiscal Rules Would Cheer Markets, Gentiloni Says
- Economy commissioner sees higher risk of a recession
- Fiscal reform should see simpler rules, better enforcement
Paolo Gentiloni
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
The European Union should agree quickly on reforming its fiscal rules to reassure markets, with the bloc facing an increasing risk of recession, its economy commissioner Paolo Gentiloni said.
“It’s time to move on, leaving behind the traditional divide,” Gentiloni told a conference hosted by the Bruegel think tank in Brussels. “Moving quickly toward a common understanding would also send a strong and reassuring message to markets.”