Austria opposes any loosening of the European Union's rules on national bud...
VIENNA - Austria opposes any loosening of the European Union’s rules on national budgets even to enable spending on climate measures, its new finance minister said in remarks published on Tuesday.
Worried that environmental and other climate-related costs could worsen governments’ fiscal positions, the Commission says it will now also check the pace of governments’ transition toward a carbon-neutral economy by 2050. A decision on how to treat green investments has not been made yet, an EU official said last week. That could come as part of a review of EU fiscal rules that Brussels plans to unveil in February.
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