“In October we will present new ideas for our economic governance,” he said, pointing out that member states should have more flexibility in their debt reduction path.
The need for fiscal rules that allow for strategic investments, while ensuring fiscal sustainability and rules that fit the challenges of this decade, underlined the president of the European Commission, Ursula von der Leyen in her State of the Union address.
“In October we will present new ideas for our economic governance,” he said, pointing out that member states should have more flexibility in their debt reduction path.
However, there should be greater accountability for the implementation of what has been agreed, noted the president of the Commission.
“There should be simpler rules that everyone can follow,” he explained.
“We need a favorable business environment, a workforce with the right skills and access to the raw materials our industry needs,” he stressed.
In addition, he spoke of an aid package for small and medium-sized enterprises.
“It will include a proposal for a single set of tax rules for doing business in Europe – we call it BEFIT,” he noted, adding that “we need to remove the barriers that are still holding our small companies back.”
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I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
