EU’s incoming economy chief calls for less restrictive budget policies 0 SHARES Share it! “It’s time for countries which have fiscal space to use it, in an overall context of less restrictive budgetary policies,” Gentiloni, due to replace Pierre Moscovici as economic and financial affairs commissioner on Nov. 1, said. Gentiloni will have an important role in scrutinizing Italy’s draft 2020 budget which was submitted to the Commission last week. EU Commission Vice President Valdis Dombrovskis told Reuters on Friday that Brussels would ask Italy for “clarifications” over its budget intentions. Among what he termed new instruments needed help growth and stability, Gentiloni cited an EU-wide unemployment insurance scheme, without going into details.

Source: Manila Bulletin October 20, 2019 13:30 UTC