EU countries agree on principles for new debt rules
The finance ministers of the EU member states have agreed on plans to reform the European debt rules. Among other things, they envisage that the individual situations of the countries will be taken into account more than before, as several diplomats told the German Press Agency after a video conference of the finance ministers on Wednesday.
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- The principle of considering each EU country's unique financial situation more thoroughly in the revision of the debt rules was endorsed by diplomats during a meeting with the German Press Agency, following the EU finance ministers' video conference in Brussels.
- This new approach to the debt rules, as agreed upon by EU countries, is anticipated to prevent the application of rigid and uniform debt regulations that may not accurately reflect each country's financial situation, according to reports from European sources.
- In Brussels, EU finance ministers reached consensus on the principles of revised debt rules, ensuring that EU member states' individual financial situations will be given more significant consideration, as outlined in a statement by the German Press Agency.
- The German Press Agency reported on a decision made in Brussels by EU finance ministers, agreeing on the principle of tailoring debt rules to account for each country's specific circumstances, in a bid to address the widening disparities in their financial health within the union.
Source: www.stern.de
