Stability Pact: Gentiloni, “We will decide on excessive deficit procedures in June”

Wednesday 24 April 2024

“Our request to the Member States is to present the interim plan by September 20th. Naturally, we all know that this is a first time and therefore there will be a certain degree of flexibility,” said European Commissioner for Economic and Monetary Affairs Paolo Gentiloni at a press briefing on the sidelines of the vote on the new reform of the Stability and Growth Pact, approved by the European Parliament. “The decision to start implementing the new rules in 2025 was made and widely shared by the Member States. It was therefore not a decision imposed by the Commission on the Member States. And if we want to start implementing the new rules next year, we need to have the medium-term plans this autumn,” he explained.

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