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Deal! EU reaches agreement on spending rules after 2 years of wrangling

Deal! EU reaches agreement on spending rules after 2 years of wrangling
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EU Reaches Agreement on Spending Rules: Boosting Investment with Fiscal Discipline | International Business News

International Business News: The European Parliament and member states have reached an agreement on updates to the EU's budget rules, aiming to enhance investment while maintaining fiscal discipline. Learn more about the details and implications.

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EU agrees on complicated new spending rules decried by Left as tool for austerity

The reforms are aimed at increasing investment while keeping spending under control.

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EU Reaches Agreement on Spending Rules

The European Parliament and member states reached an agreement early Saturday on reforms to EU budgetary rules aimed at boosting investment while keeping spending under control. The text modernizes the current rules, known as the Stability and Growth Pact, created in the late 1990s, which limit countries' debt to 60 percent of gross domestic product and public deficits to three percent, AFP said. "Deal!," the Belgian Presidency of the Council of the EU said on social media platform X after 16 hours of talks.

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EU reaches deal about spending rules

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