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Keep fiscal rules on hold but begin tightening

The European Commission and the European Central Bank yesterday poured jugs of cold water on European countries, including Spain, who planned to continue with the free spending bar until the end of 2024.

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Keep fiscal rules on hold but begin tightening

The European Commission and the European Central Bank yesterday poured jugs of cold water on European countries, including Spain, who planned to continue with the free spending bar until the end of 2024.

The Government of Pedro Sánchez had been boasting for weeks that they had managed to get Brussels to extend the suspension of the deficit and debt rules for another year, given the consequences of the war in Ukraine. And it was true, but not the whole truth.

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