The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and unemployment.
The European Commission, the EU’s executive arm, said Wednesday that the new plans would give member states with serious debt issues far greater leeway in seeking a viable path to economic sustainability, combining a commitment to longer-term debt reduction while not excessively burdening a stretched population over too short a time.
