Arab Today, arab today eu reaches deal on tighter budget discipline
Last Updated : GMT 16:01:31
Arab Today, arab today
Arab Today, arab today

EU reaches deal on tighter budget discipline

Arab Today, arab today

Arab Today, arab today EU reaches deal on tighter budget discipline

Strasbourg - AFP

The European Parliament and EU states have reached a compromise to tighten budget rules, seen as vital to prevent future debt crises, the EU\'s Polish presidency said on Thursday. Poland, which holds the EU\'s rotating chairmanship, said in a statement that a \"package of compromise proposals\" was agreed after \"fruitful\" discussions between the parliament, the European Commission and EU governments. The deal on the set of legislations, known as the \"six-pack,\" will be presented to European Union finance ministers meeting in Poland on Friday for their approval, the statement said. \"If the set of those proposals is approved by both the European Parliament and the (European) Council, the agreement on the economic governance package will be reached,\" it said. European parliament sources earlier confirmed the deal earlier after months of fraught talks between lawmakers and governments. \"We have an agreement with the Polish presidency (of the EU) but we must verify that the other countries are in sync,\" one of the parliament sources said. Under the deal, countries running excessive deficits will have to deposit money in blocked accounts, with more automatic sanctions than in the past to punish budget sinners in Europe. The overhaul of the EU\'s Stability and Growth Pact, which has failed to stop countries from breaking deficit and debt ceilings, was proposed by the European Commission after the Greek debt crisis erupted last year. Few countries in the 27-nation bloc respect the rules, which limit public deficits to 3.0 percent of gross domestic product and debt levels to 60 percent of GDP. The parliament has asked for the axe to fall automatically on nations violating the rules, while governments insisted on having the last word on such decisions. The two sides appear to have found a middle ground.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu reaches deal on tighter budget discipline Arab Today, arab today eu reaches deal on tighter budget discipline

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu reaches deal on tighter budget discipline Arab Today, arab today eu reaches deal on tighter budget discipline

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday