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International Business Times
International Business Times
World
Daniel ARONSSOHN

EU Strikes Budget Reform Deal After Two-year Wrangle

German Finance Minister Christian Lindner (L) and French counterpart Bruno Le Maire chat prior to a meeting in June 2023 (Credit: AFP)

The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences.

Finance ministers from the 27 members met by video link to hammer out the agreement -- after their French and German colleagues had got together in Paris on Tuesday to clear the way for a compromise.

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