Stability and Growth Pact review: Cities and regions recommend investment-friendly revision of EU’s fiscal rules

More flexibility in applying the Stability and Growth Pact (SGP) remains the European Committee of the Regions’ (CoR) main recommendation for the Economic Governance Framework review, launched today by the European Commission. The CoR recommends excluding EU cohesion policy co-financing from the deficit calculations to ensure the full mobilisation of national, regional and local public investment.

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