PARIS (Reuters) – France could reach a compromise with the new German government to update EU budget laws needed to address emerging economic challenges following the Kovid-19 pandemic eruption.

This was stated by the French Minister of Finance Bruno Le Meyer.

The EU began last month a review of a package of laws governing public finance to better reflect the current reality of large debt and massive conversion costs to the zero-emission economy.

The stability and growth agreement contained in the block’s budget rules has become more complex and tense over the years.

From an economic point of view, such as the Netherlands and Germany, more conservative states have always said they oppose the possibility of easing the regulatory framework, but all three parties forming the next German government have given an open signal for reform within it. Alliance agreement.

“I am convinced that we can find an agreement on the necessary reform of the stability and growth agreement that will ensure the stability of the euro area and allow for further greening,” Le Meyer said at a joint press conference. Irish opponent Pascal Donohue.

Le Meyer described the end of dialogue between the so-called ‘austerity’ in northern Europe and other member states.

(Translated by Michela Piersimoni at the Editorial Office in Gdańsk, Michela.piersimoni@thomsonreuters.com, +48 587696616)