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Commission lifts veil on future euro stability plans
Date 17/09/2010 11:33  Author webmaster  Hits 913  Language Global

17 SEP 2010


The enforcement of future budget discipline rules must "leave no room for slippage," said EU Economic Affairs Commissioner Olli Rehn, lifting the veil on proposals due to be presented on 29 September.

Drawing parallels with sport, Rehn said enforcing the EU's upcoming new rules "should not be more complicated than in a football game".

"The players cannot start discussing the rules of the game with the referee every time they commit a foul," he told the European Parliament's economic affairs committee on Wednesday (15 September).

The debate over economic governance reforms, launched in the midst of the Greek debt crisis, has been deadlocked over what sanctions to apply for countries that break the EU's budget discipline, enshrined in the Stability and Growth Pact (EurActiv 16/09/10).

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