EU to suspend budget rules to help face virus crisis
Published Sat, Mar 21, 2020 · 06:56 AM
[BRUSSELS] The European Commission said Friday that the EU would suspend its strict rules on public spending to allow governments to open the money taps to face the coronavirus pandemic.
In an unprecedented decision, the EU executive triggered something called the "general escape clause", giving countries free rein to "inject spending into the economy as needed," EU chief Ursula von der Leyen said.
AFP
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