EU leaders will tomorrow (17 June) seek to agree new measures to enforce better economic discipline when they meet in Brussels for a one-day summit.
They are expected to agree on the need for tougher sanctions for countries that fail to respect the limits on public deficits and debts. They will also agree to provide details about their national budget plans to the European Commission and to each other for review.
The focus on improving economic governance follows the recent sovereign debt crisis that started in Greece and spread to other eurozone countries as investors shunned government bonds because of fears they might default. Angela Merkel, Germany's chancellor, has called for a new “stability culture” where governments keep deficits under control in order to support the euro.
For more: EU leaders to sign up to tougher economic discipline | Policies | EU governance | Council of Ministers | European Voice
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