Ecofin: probably no fiscal reform yet

According to insiders, the German government does not believe that there will be a quick agreement in the EU on a reform of the European debt rules. There will be an intensive exchange of views on this at tomorrow’s meeting of European finance ministers, German government circles said in advance. “There are voices that are very optimistic that something could already be reached there in March.” The German government does not share this optimism, however. Too many questions would remain unanswered. There are also no legal proposals from the EU Commission yet.

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