EU Commissioner, 'flexibility already foreseen on energy, the accounts must be sustainable'
Quick Look
EU Commissioner for Justice Michael McGrath told ANSA that the European Commission has already outlined the margins of flexibility for member states to address the high cost of living and the energy crisis, aggravated by the war in Ukraine and the conflict in the Middle East, underlining collaboration with governments in compliance with fiscal sustainability.
AI-generated summary
Why It Matters
The statement was made on the sidelines of the conference on Eu Inc., organized by the Single market lab of the Agency for Research and Legislation (Arel) at the European Parliament Office in Rome.
The Commission has already outlined the margins of flexibility available to member countries to deal with the high cost of living and, in particular, the energy crisis we are experiencing.
The EU Commissioner for Justice, Michael McGrath, said this to ANSA on the sidelines of the conference on Eu Inc., organized by the Single market lab of the Research and Legislation Agency (Arel) at the European Parliament Office in Rome, responding to a question on the possibility of new flexibility linked to inflation.
"The war in Ukraine and the conflict in the Middle East have exacerbated the situation in the markets, impacting both businesses and families," McGrath underlined, highlighting that Brussels works "closely" with governments "to ensure they have the necessary flexibility, while at the same time respecting the needs of fiscal sustainability".
Open Questions
- What are the specific margins of flexibility outlined by the Commission?
- Which member countries could benefit from this flexibility?
- How will compliance with fiscal sustainability be monitored?
