EU Commission to Launch EU Budget Rules Review on October 19

EU Commission to Launch EU Budget Rules Review on October 19
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium on May 5, 2021. Yves Herman/Reuters
Reuters
Updated:

LUXEMBOURG—The European Commission will publish on Oct. 19 its assessment of the economic impact of the pandemic on the European economy and its implications for EU budget rules as it launches a debate on how to change the rules that underpin the euro currency.

EU budgets rules, called the Stability and Growth Pact, set limits on government borrowing to safeguard the value of the euro now used by 19 EU countries. They are suspended until 2023 to give governments leeway to fight the coronavirus pandemic.