Skip to main content

EU set to relax eurozone budget rules

The European Union was set to propose loosening its much-criticised budget rules supporting the euro on Friday 3 September, by allowing countries with economic troubles to be exempt from the uniform standard for deficits in favour of country specific targets.

European Union Monetary Affairs Commissioner Joaquin Almunia proposed tailoring budget-cutting rules to each eurozone members economic situation, giving more leeway to low-debt countries and placing more emphasis on debt sustainability.

Six

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Show password
Hide password

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.