EU fiscal board warns discretion in new fiscal rules
EU’s independent fiscal watchdog criticised EU institutions for using too much discretion and flexibility when applying the EU’s new fiscal rules, saying it risks credibility as markets focus on debt sustainability amid expectations of a rate-tightening cycle.
The European Union's fiscal watchdog on Monday criticised EU institutions for relying too heavily on discretion and flexibility when applying the bloc's new fiscal rules, as markets worldwide focus on debt sustainability amid expectations of a rate-tightening cycle.