EU debt rules could remain suspended in 2023 due to Ukraine crisis

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The European Union’s strict debt and deficit rules were suspended for the coronavirus crisis but due to come back into force next year – until war erupted in Ukraine. Concerns the conflict could have major economic impacts are prompting the EU to reassess whether the moratorium on the limits of the fiscal liabilities of member states should remain in place in 2023. The European Commission said on Wednesday it had sent guidance to members that the war “negatively impacts the growth outlook and tilts the risks further to the downside.” Therefore the commission will provide updated advice for nex…

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