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rdf:type	schema:NewsArticle
schema:articleBody	France opposes a return to the EU's current but suspended rules on deficits and public debt after the coronavirus crisis, European Affairs Minister Clement Beaune told AFP on Tuesday. "We cannot imagine putting the same pact back in place," Beaune told AFP, referring to EU limits on overspending by member states. The rules are currently suspended, giving governments free rein to stimulate their economies with major spending programmes to fight a historic recession. The rules theoretically limit a government's annual deficit at three percent of gross domestic product, and debt at 60 percent, though the ceilings are frequently violated. Governments are very reluctant to decide on a date that the rules should fall back into place, given the economic uncertainty caused by the Covid-19 pandemic. Member states have often discussed the importance of reforming the rules, but this has yet to gain traction given the opposition of northern countries and their fears of public overspending by France, Spain and Italy. "When the crisis is over, we will have deficit levels, but even more debt levels, which will be very different from the world we experienced a few years ago throughout Europe," Beaune said. At a meeting this month of EU finance ministers, the European commissioner for the economy, Paolo Gentiloni, refrained from giving an exact date for a return to normality. A reform of the rules would take years given the strong views on the matter, especially from fiscally conservative Germany and the Netherlands. But opponents of the rules, which were tightened during the eurozone debt crisis, believe that they give Brussels too much power and impose needless austerity on national economies. Beaune was until this summer the European affairs adviser to French President Emmanuel Macron. fmi-arp/dc/spm
schema:headline	France opposes return to pre-virus EU deficit rules
schema:mentions	Paolo Gentiloni Rein Austerity European Commission Agence France-Presse Government debt Recession Impose (magazine) Brussels President of France Nazi Germany Netherlands Emmanuel Macron Gross domestic product Italy European Union Pandemic France Coronavirus Coronavirus disease 2019 Fiscal conservatism Habsburg Spain Beaune European debt crisis
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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