France, Italy urge more leeway for investment in EU fiscal reform

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Reuters UK

PARIS (Reuters) -France and Italy called on Thursday for the European Union’s fiscal rules to allow more leeway for investments that would help the 27-nation bloc become greener and more self-sufficient in a post-pandemic world. EU budget rules safeguard the value of the euro by setting limits on government deficits and debt. Since they were set up, they have grown increasingly complex and the EU is now thinking how to change them to better fit new economic realities. The main challenges are how to cut government debt that has surged during the COVID-19 pandemic without stifling growth, and ho…

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