Select a language
"The European Commission has agreed to study an alternative model for calculating its public debt," reveals Público, speaking of the letter signed by nine member states (Poland, Hungary, Czech Republic, Romania, Slovakia, Bulgaria, Lithuania, Latvia and Sweden), requesting that the Commission take into account the cost of retirement system reforms in its budget. Current rules penalise countries that, at the request of the EU, reform their retirement plans, effectively preventing them from fulfilling the convergence criteria for joining the Eurozone. "This proposal surfaces just when financial markets have once again become concerned about the probability of a payment default by Ireland and other countries in the southern part of Europe," the daily notes.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
