The Ministers of Economy and Finance of the European Union foresee on Tuesday to give free via so that 15 countries that have requested it, among which are no Spain, can use the flexibility of European fiscal rules to boost their defense expenditure and officially approve Bulgaria’s entry into the euro. The countries that will receive the green light are Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Slovenia, Slovakia and Finland, European sources said today. The German government has also requested the same flexibility as the other 15 countries, but “as the Council has not yet received the medium -term plan for Germany, it is not yet in a position to make a decision on the recommendation,” said the sources, which did not rule out that there may be more EU countries that also request it. The possibility of using that flexibility is part of the measures of the rearme plan presented by the European Commission in order to mobilize up to 800,000 million euros to strengthen community defense before the war in Ukraine. The activation of the one known as the National Savaguarda clause would allow countries to increase their defense expenditure to 1.5 % of the additional GDP a year without being taken into account in the calculation of deficit for the purpose of complying with the standards, which would open the door to mobilize up to 650,000 million euros in four years if the twenty -seven apply it.
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