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EU Commissioner aims to present stability pact reform after summer
File photo of European Union flags fluttering outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. ― Reuters pic

TRENTO, Italy, June 4 ― EU Economic Commissioner Paolo Gentiloni aims to present a reform of the eurozone stability pact after the summer, adding the new rules would likely envisage country-specific debt targets.

Speaking at an event in Italy, Gentiloni said that the Commission wants to make the reformed borrowing limits "less abstract and rigid”.

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Euro zone finance ministers agreed last month they would gradually shift their fiscal policies from supportive this year to neutral in 2023. ― Reuters

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