“Greece is the third European country to apply for the activation of the escape clause for defense spending,” Commission spokesman Balas Uzvari confirmed during today’s press conference. “I can confirm that Greece has just activated the national escape system. We will consider this request during May and then the conclusions will be drawn in early June. ” Greece is one of the three countries, after Germany and Latvia that have submitted a request to activate the escape clause for defense spending, as included in the European Commission’s Rearm Plan. Uzvari was asked about estimates by the Greek side of the fiscal space that Greece is earning, saying that “what matters is that we have established some rules and say that members can deviate by spending an additional 1.5%”. As the European Commission spokesman said, the demands of the countries, including Greece […]
Source: News Beast
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