Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
BRUSSELS, December 9 (Itar-Tass) —— European Union leaders agreed on key provisions of an agreement to tighten budget and tax rules to balance proceeds and expenditure, a diplomatic source said on Thursday.
“There is a deal between leaders on the new fiscal compact,” said the EU official adding legal issues are yet to be discussed.
It has been agreed that all EU countries should include the requirement to maintain balanced budgets into their constitutions. In case the budget deficit exceeds three percent of the GDP the violator-country will be automatically fined unless sanctions are blocked by a qualified majority or three-quarters of member states.
Experts believe this would be a compromise between the French-German anti-crisis plan and proposals drafted for the summit by EU Council President Herman Van Rompuy.