Paris, December 23 (BNA) France and Italy want to reform the financial rules of the European Union to allow more borrowing and investment.
“We need more room for maneuver and sufficient major spending for the future and to guarantee our sovereignty,” French President Emmanuel Macron and Italian Prime Minister Mario Draghi wrote in an article published in the Financial Times.
They said, “Increasing debt to finance such investments, which undoubtedly benefits the welfare of future generations and long-term growth, should be favored by fiscal rules, given that public spending of this kind actually contributes to long-term debt sustainability. the long”. .
Sources close to the French government said the aim is to provide an impetus for a joint discussion among EU leaders, adding that there is a general desire to move forward on the issue.
France, which is set to take over the rotating EU Council presidency in January, is keen to pursue reforms, but no specific timeframe is available.
Draghi and Macron cited an analysis by government advisers of their contribution, according to sources close to Rome’s Chigi Palace.
There is currently a debate in the European Union about reforming debt regimes, given the huge amounts of debt being taken on to counter the effects of the pandemic, along with investment plans to protect the climate.
insult