EU to change how it calculates deficit figures, likely easing pressure for austerity

in 2013, Associated Press, College and Graduate School of Arts and Sciences, Newsmakers, Vivien Schmidt
September 19th, 2013

SchmidtAssociated Press
Vivien Schmidt, College of Arts & Sciences

European Union finance experts have reached a preliminary agreement on changing the way the bloc determines some deficit figures, which will lessen the pressure for austerity measures in some crisis-hit economies, an EU official said Thursday…

Expert quote:

ā€œEasing austerity through change to EU budget policy is a very significant move.ā€

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