EU relaxing budget rules could cause another euro crisis, fo

The European Parliament’s recent decision to relax the budget rules for its member states could cause a new euro crisis, according to Nout Wellink, former president of De Nederlandsche Bank (DNB). The laxer rules increase the chance that large countries like Italy, Spain, and France won’t get their high government debts under control, causing tensions in the eurozone, Wellink told the Telegraaf.

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Netherlands , Italy , Spain , France , Nout Wellink , Fabian Ambtenbrink , Bert Colijn , European Commission , Erasmus University , Nederlandsche Bank , European Parliament , Member States ,