EU leaders discuss easing budget rigor over migrant crisis, no deal

September 24, 2015 03:20
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

BRUSSELS - European Union leaders discussed whether to allow euro zone states to run higher deficits to cope with the costs of the migration crisis, EU officials said early on Thursday, but failed to find a common position.

Since the beginning of the year, about 500,000 migrants have reached the European Union, fleeing war and poverty in their home countries.

On Sept. 11, EU finance ministers asked the European Commission, the EU executive, to take into account the impact of this emergency when it will review national budgets in the coming weeks.

The issue was discussed by EU leaders in a meeting on the migration crisis.

"What was discussed and mentioned by several speakers was that the costs made by countries with regards to migrants should be taken into account in the stability pact," Austrian Chancellor Werner Faymann told reporters after the meeting, adding he supported such a measure.

"Countries should have the possibility to have certain exceptions and calculations recognized, but there was no agreement today," Faymann said.

European economic commissioner Pierre Moscovici, who is in charge of supervising euro zone budgets, agreed to examine the economic impact of the migration crisis and to present his findings on Oct. 5, when euro zone ministers will gather in Luxembourg for a regular meeting.

Euro zone countries are due to submit their draft budgets to Brussels on Oct 15.

Related Content

Breaking news
July 17, 2018
Report: Terror balloon lands in kindergarten, no casualties reported