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The European Parliament on Tuesday voted to adopt new fiscal rules governing the amount of public debt an EU country can accumulate and the size of a budget deficit permitted. German EU lawmaker Markus Ferber from the conservative Christian Social Union (CSU) said in a statement the new rules were “a fresh start and a return to fiscal responsibility.” Portuguese EU legislator Margarida Marques from the centre-left Socialist and Democrats (S&D) said the changes allowed for social needs and “provide more room for investment.” The new fiscal rules have two parts. The individual economic condition…

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