Tax & Spend
Europe’s Gentiloni Sees Progress in EU’s Fiscal Rules in March
- Europe need a more effective capacity to reduce debt
- Commissioner speaks in Bloomberg TV interview in Bengaluru
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Europe should be closer to agreeing on a new set of fiscal rules in March, according to Economy Commissioner Paolo Gentiloni who expects diverging views on debt flexibility to be resolved shortly.
“I’m quite confident that we can make progress next month,” he told Bloomberg Television’s Haslinda Amin on the sidelines of the Group of 20 finance chiefs meetings in Bengaluru, India. “If next month we have a good agreement among member states, then the Commission will table its legislative proposals in April. And this will be a strong standpoint.”