EU Countries Reach Deal on National Spending Rules, France and Germany Confident
France and Germany express confidence in reaching a compromise on an overhaul of the EU's public spending rules, despite ongoing disagreements. The proposed reform aims to offer more gradual and tailored spending cuts for countries exceeding the EU's deficit and debt thresholds. While Italy was initially hesitant, it is now on board with the deal. Remaining disagreements revolve around spending targets, particularly Germany's insistence on tougher targets. A deal is expected to be reached before the end of the year, with negotiations continuing with the European Parliament.