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

Reuters
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)