European Commission Calls on EU Countries to Adopt Prudent Fiscal Policies and Comply with Financial Rules

Brussels, November 9 (KUNA) – European Commissioner for Economy and Production Valdis Dombrovskis today called on EU member states to adopt prudent fiscal policies and comply with European fiscal rules, amid persistently high deficit and public debt levels and growing pressures on public finances. Speaking at a press conference following a Eurogroup meeting, Dombrovskis said that economic growth prospects appear better than expected this year, but the economic outlook remains clouded by uncertainty, particularly due to the continued rise and volatility of energy prices. He stressed that adherence to these rules is essential to preserve the credibility of the European fiscal framework, adding that the 2027 budgets should reflect the collective responsibility of member states in addressing rising deficits, high debt levels, and widening interest rate differentials. (End) A.R.N. / A.S.