November 27, 2019 / 9:00 AM / 11 days ago

EU's von der Leyen says fiscal leeway should be granted to boost growth

European Commission President-elect Ursula von der Leyen addresses the European Parliament next to European Commission vice-president Frans Timmermans ahead of a vote of Members of the European Parliament on her college of commissioners, in Strasbourg, France, November 27, 2019. REUTERS/Vincent Kessler

STRASBOURG (Reuters) - The president-designate of the European Commission Ursula von der Leyen said European Union states should profit from leeway allowed by EU fiscal rules to boost growth.

“We must use the flexibility allowed under the stability and growth pact to give time and space for our economies to grow,” von der Leyen told EU lawmakers.

“At the same time we must support member states with targeted investments and structural reforms,” von der Leyen added.

Reporting by Jan Srupczewski, Marine Strauss and Francesco Guarascio @fraguarascio

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