EU Activates Fiscal Clause to Boost Defense Spending: Croatia and 14 Other Countries Ready for Budget Rule Exception

EU Activates Fiscal Clause to Boost Defense Spending: Croatia and 14 Other Countries Ready for Budget Rule Exception The European Union has just activated the so-called fiscal escape clause, allowing 15 member states, including Croatia, to exceed the permitted budget deficit by 1.5% of GDP, but only if the funds are used for defense spending….

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