BRUSSELS - Restarting consultations with Member States on the revision of the Stability Pact: this is the objective of the communication that the economy commissioner Paolo Gentiloni will present next Tuesday in Strasbourg.
According to what has been learned, the document will serve to take stock of the situation through a detailed and timely analysis of the developments in the economic situation and public finances in the light of the impact of the crisis linked to the pandemic.
And it will be accompanied by a questionnaire addressed to interested parties which will be used to collect their positions on specific issues. On the other hand, there are no indications on the choices to be made. In essence, European sources explain, this is the update of the similar communication presented in February 2020, that is, shortly before the crisis linked to the pandemic broke out. Since then the situation has changed a lot and, faced with the need to focus on emergency management and the decision to suspend the application of the Pact, the debate on the revision of the rules governing the management of the public accounts of the Eurozone countries has ended, at least officially, on standby.
Now, according to Brussels, the time is ripe to restart with a confrontation that promises to be tight and on which the choice of the new German finance minister will also have considerable weight, which hopefully will arrive as soon as possible.
