BRUSSELS (Reuters) – European Union Commissioner for Economy Paolo Gentiloni said on Friday an agreement on new EU fiscal rules should be reached soon, adding some legal aspects needed to be clarified.
“We made a lot of progress but the mission is not yet accomplished. I am quite optimistic that in the coming days an agreement can be reached,” he said upon his arrival at a meeting of EU Finance ministers in Brussels.
France and Germany still differ on how to sustain investment when the budget deficit is above EU limits, and other countries, roughly in two camps behind Paris and Berlin, are wrangling over issues including the minimum pace of annual debt reduction.
(Reporting by Benoit Van Overstraeten; Editing by Cahrlotte Van Campenhout)
