Flexible fiscal rules should remain in place until EU economic governance is reformed, local leaders ask ...Middle East

The European Committee of the Regions (CoR) has underlined the major flaws of the current European economic governance and said that it is imperative to avoid new austerity policies in the aftermath of the COVID-19 crisis and the war in Ukraine. In recommendations adopted at the plenary session, local and regional leaders called for the establishment of a "golden co-financing rule" for structural funds and welcomed the steps made so far towards a fairer tax system, including a proposal for a global minimum level of taxation for multinational groups in the Union. They expressed concern, however, that the new rules could increase red tape for businesses.

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Flexible fiscal rules should remain in place until EU economic governance is reformed, local leaders ask ...Middle East

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