EU Rides Out Budget Spat Without Spooking Markets or Ratings (opens original article in a new tab)

The EU's budget monitoring system withstood a major test without causing market instability or rating downgrades, as limited flexibility for energy measures was accepted by ratings agencies despite internal debates.

• EU's public finance monitoring regime passed a major test despite budget disputes
• Market and ratings agencies remained calm despite limited budget flexibility for energy-saving measures
• EU officials allowed some leeway for energy measures under defense category, causing internal debate