EU's Gentiloni: Will decide in spring if EU budget rules should stay suspended in 2022

European Union Economic Commissioner Paolo Gentiloni said on Monday that they will tell eurozone countries in spring whether or not EU budget rules will remain suspended in 2022, as reported by Reuters.

"We have to avoid a sharp rise in insolvencies in the future," Gentiloni added. "A careful management of the withdrawal of support measures for companies will be crucial."

Market reaction

The EUR/USD pair largely ignored these comments and was last seen trading at 1.2134, where it was up 0.14% on a daily basis.