EU leaders clash over limits on budgets and debt

By Juergen Baetz

Published June 27, 2014 12:31pm ET

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EU leaders clash over limits on budgets and debt — BRUSSELS (AP) — With economic growth still anemic across the European Union, the bloc’s leaders clashed Friday over whether to loosen rules limiting government budget deficits and debt. Italy, Belgium and others argued more flexibility is needed so they can boost the economy and support job creation, but the more hawkish northern European nations including […]

BRUSSELS (AP) — With economic growth still anemic across the European Union, the bloc’s leaders clashed Friday over whether to loosen rules limiting government budget deficits and debt.

Italy, Belgium and others argued more flexibility is needed so they can boost the economy and support job creation, but the more hawkish northern European nations including Germany rejected the idea.

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Budgets and Deficits Europe European Union