Andreas Eisl News Today

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.The indebted countries -- for example, Italy whose debt is 140 percent of GDP -- believed the pact was a straitjacket that penalised public investment. 

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound

Shoring up the economy requires not just protecting the technologies of today but promoting those of tomorrow as well.

A large majority of EU countries and political groups agree the Stability & Growth Pact (SGP) badly needed revamping but the European Commission's latest tweak to the rules met with mixed reception.

The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.

Brussels keen on focusing on government spending, rather than debt and deficit