Brussels presents new budget policy guidelines for crisis response - FOLLOW LIVE

Ensure a coordinated and coherent political response to the current crisis with fiscal policies aimed at addressing the short-term consequences of the pandemic and supporting the recovery, while not endangering fiscal sustainability in the medium term. These are the objectives of the new guidelines for member states on the conduct of fiscal policy in the coming months that EU commissioners Paolo Gentiloni and Valdis Dombrovskis present today in Brussels.

In its communication, the EU Commission puts pen to paper the guiding principles for the fiscal measures that governments will have to adopt in the coming months, also dwelling on when it is appropriate to reintroduce the Stability Pact, now suspended to allow States to adopt measures in support economy in difficulty.