EU to punish deficit sinners
- Published: 15/09/2011 at 10:46 PM
- Online news:
The European Union moved closer on Thursday to toughening budget rules to punish overspenders after the EU Parliament and governments reached a compromise to prevent future debt crises.
General view of the European parliament in Strasbourg, eastern France. The European Parliament and EU states have reached a compromise to tighten budget rules, seen as vital to prevent future debt crises, the EU's Polish presidency has said.
Governments that run excessive public deficits could face financial sanctions under the deal, although the measures would not be so strict as some European MPs had hoped.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
