EU loosens debt rules
The EU has eased the debt rules. In theory, the short-term budget deficit limit is still 3% of GDP, but there is now a lot more wriggle room:
Under the accord, governments that run excessive deficits “temporarily” can escape sanctions, Mr. Juncker said, if they show the spending serves a worthwhile goal, like financing research and development, defense or economic and social restructuring.
I’m not sure how excited the 23 countries that are not France and Germany will feel about this.