UK markets closed
  • FTSE 100

    7,168.65
    -0.63 (-0.01%)
     
  • FTSE 250

    18,636.98
    -29.80 (-0.16%)
     
  • AIM

    875.21
    -1.01 (-0.12%)
     
  • GBP/EUR

    1.1593
    -0.0018 (-0.16%)
     
  • GBP/USD

    1.2103
    -0.0072 (-0.59%)
     
  • BTC-GBP

    15,918.04
    -271.57 (-1.68%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • DOW

    31,097.26
    +321.83 (+1.05%)
     
  • CRUDE OIL

    108.46
    +2.70 (+2.55%)
     
  • GOLD FUTURES

    1,812.90
    +5.60 (+0.31%)
     
  • NIKKEI 225

    25,935.62
    -457.42 (-1.73%)
     
  • HANG SENG

    21,859.79
    -137.10 (-0.62%)
     
  • DAX

    12,813.03
    +29.26 (+0.23%)
     
  • CAC 40

    5,931.06
    +8.20 (+0.14%)
     

EU Commission will launch a Stability Pact reform proposal after summer - Gentiloni

Euro zone finance ministers meet to discuss help for COVID-stricken companies

MILAN (Reuters) - The European Commission will make a proposal to reform the Stability Pact after the summer, Economic Commissioner Paolo Gentiloni said on Monday.

Speaking to a conference in Milan, Gentiloni said the aim was to set a realistic path for debt reduction and avoid choking growth.

He reiterated that the decision to suspend the fiscal rules through 2023 was not an invitation for countries to spend freely.

(Reporting by Francesco Zecchini, writing by Angelo Amante, editing by Gavin Jones)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting