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Stability Pact

World news about “Stability Pact” published by euronews.

02/03 18:35 CET

Are EU’s new budget rules golden?

Are EU’s new budget rules golden?

The budget discipline compact signed in Brussels on Friday is needed because for years eurozone countries lived beyond their means borrowing money and running big deficits that is spending more than they received in tax revenues. Now balanced budgets will be mandatory and…