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

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:

“Easing austerity through change to EU budget policy is a very significant move.”

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