More budget flexibility within the EU? - Real Economy

Описание: In this edition of Real Economy we ask do some EU member states need more budget flexibility?

Italy and France have both announced budgets that push for flexibility to pull their economies out of the doldrums, but those budgets are now under the close scrutiny of the European Commission.

Is this push for flexibility by some countries valid? Or are they looking for leniency in fiscal discipline during difficult times?

Some large countries believe Europe is seeing weakened demand, and annual budget cuts are making things worse. An example is France's debt and deficit projections, and the situation in Italy paints is also difficult.

Other large countries with more balanced budgets, or even a budget surplus, think that relaxing budgetary discipline to stimulate economic growth just reduces pressure on governments to reform.

Italy and France want the EU to bend the rules, but others, like Germany, insist on respecting budget agreements.

READ MORE: http://www.euronews.com/2014/10/28/mo...

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