EU agrees to suspend its strict spending rules
Toni Waterman

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

Error loading player: No playable sources found
02:31

The European Union's finance ministers have agreed to suspend their tough rules covering countries running deficits, because of the impact of COVID-19 on member states' economies. It is the first time the measures, which have been a key part of EU policy, have been suspended. The temporary measure gives governments "the needed flexibility to take all necessary measures for supporting our health and civil protection systems and to protect our economies," a statement said.

CGTN Europe's Toni Waterman explains what has been decided and the significance of the move.

TOP NEWS
Premier Li urges high-quality implementation of key national projects
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Politics

01:50, 20-Jul-2025

Japan's upper house vote begins amid ruling bloc struggles
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Politics

00:22, 20-Jul-2025

Bedouin fighters withdraw from Syria's Sweida after ceasefire efforts
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Middle East

01:57, 20-Jul-2025