EU members strike deal on looser fiscal rules
EU members strike deal on looser fiscal rules
The agreement among the 27 EU countries on looser fiscal rules was preceded by a Franco-German proposal agreed by German Finance Minister Christian Lindner and his French counterpart Bruno Le Maire.
The agreement among the 27 EU countries on looser fiscal rules was preceded by a Franco-German proposal agreed by German Finance Minister Christian Lindner and his French counterpart Bruno Le Maire.
That said, almost every EU member, Germany included, is currently well above the 60% public debt target in the aftermath of heavy spending during the COVID pandemic.
13 of 27 being above 60% is not "almost every EU member". And the next half a dozen (including Germany, 66,4%) are also not "well above".
So the actual average of 84% is mainly created by just a handful of countries in the 110-180% range.