Greek prime minister Kyriakos Mitsotakis has expressed confidence that the EU will overhaul its debt and deficit rules in the wake of the coronavirus pandemic, giving governments more leeway to invest.
In an interview with the Financial Times, Mitsotakis said: “There will be a change in the framework and it’s not going to work against us. Any improvement is going to work in our favour.”
The European Commission has launched a consultation on how to amend the rules surrounding the Stability and Growth Pact ahead of what is expected to be a fierce debate among EU capitals about how far an overhaul should go. The rules were suspended last year as the pandemic struck but are likely to be reimposed in 2023.
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