EU budget rules must be consistent with virus debt rise, says Gentiloni

  • Date: 29-Nov-2020
  • Source: Zawya
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

EU budget rules must be consistent with virus debt rise, says Gentiloni

EU budget rules must be consistent with virus debt rise, says Gentiloni Paolo Gentiloni said the euro zone average debt to GDP ratio would be around 103%-104% at the end of the pandemic next year    MILANO- The European Union budget rules need to be more consistent with expected higher levels of sovereign debt due to the coronavirus crisis, the bloc's economics commissioner said on Sunday.Paolo Gentiloni said the euro zone average debt to GDP ratio would be around 103%-104% at the end of the pandemic next year."We need to take in account this new scenario," the EU commissioner told to state broadcaster RAI.(Reporting by Gianluca Semeraro; Editing by Edmund Blair) (([email protected]; +39 06 80 307 741;))Zawya CoveragedigitalSaudi, UAE central banks reveal results of joint digital currency projectaviationEmirates, Dnata's DUBZ tie up to offer home check-in, COVID-19 testinginvestmentRobust performance: Bahrain awards $2.7bln contracts in 2020 despite COVID-19real estateDubai: Record transactions for ready houses signal strong real-estate recoverymanufacturingUAE's Gulf Cement AGM agrees 50% capital reductionMoreReuters CoverageeconomyEU budget rules must be consistent with virus debt rise, says Gentilonioil and gasNorway gas plant resumes exports to EuropeequitiesWall St Week Ahead- COVID-19 vaccine adoption rates are "wildcard" for U.S. stock rallyhealthcareGaza gets vital medical