A lot of flexibility in the rules Draghi tells M5S (2)

Countries should think about budget composition, not size

(ANSA) - Brussels, September 26 - Existing EU rules already provide for a lot of flexibility, European Central Bank (ECB) chief Mario Draghi told an MEP from Italy's 5-Star Movement (M5S) during a European Parliament hearing Monday. "Countries...should think more about the composition rather than the size of their budgets," he said in response to a question from MEP Marco Valli on investments and EU Stability and Growth Pact rules. "Many countries increased spending in the 10-15 years leading up to the economic crisis, but growth was stagnant or weak anyway".
    This demonstrates "it's not necessarily by hiring people to do nothing that one can increase a country's growth," Draghi said.


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