EU to keep its borrowing limits suspended in 2022, restore them in 2023 By Reuters
BRUSSELS (Reuters) - The European Commission will keep borrowing limits for European Union governments suspended for the third year in a row in 2022 to help finance an economic recovery from the pandemic, but expects to restore them in 2023, it said on Wednesday. Through its Stability and Growth Pact, the 27-nation EU aims to keep budget deficits below 3% of GDP and public debt below 60% of GDP. But these rules were put on hold in March 2020 as Europe was hit by the coronavirus pandemic that caused the biggest recession since the Second World...
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