EU draft document calls for 'differentiated' EU budget rules: Italian source

ROME Mon Jun 23, 2014 9:12am EDT

European Union flags are seen outside the European Commission headquarters in Brussels ahead of an EU heads of state summit, October 27, 2010.  REUTERS/Francois Lenoir

European Union flags are seen outside the European Commission headquarters in Brussels ahead of an EU heads of state summit, October 27, 2010.

Credit: Reuters/Francois Lenoir

ROME (Reuters) - A draft of proposals to be presented at the next European summit calls for measures to promote growth and jobs including "differentiated budget consolidation" in line with existing EU rules, an Italian government source said on Monday.

The source said the document, which could still change before the European Council meeting on June 26-27, calls for bold measures to stimulate growth and employment including making full use of the margins that exist in EU rules for more budget flexibility in exchange for structural reforms.

The undersecretary responsible for European affairs, Sandro Gozi said there was broad support in the European Union for Italy's calls for a broader interpretation of EU budget rules.

He also said Italy would secure a "heavyweight" representative on the new European Commission which will be appointed later this year.

(Reporting by Giselda Vagnoni)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
tmc wrote:
Very non-informative article. Just regurgitating a press release with no investigation at all.
Shame on you Reuters. Or do you plan on updating this?

Jun 23, 2014 10:49am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.