EU lawmakers greenlight new rules

(ANSA-AFP) - STRASBOURG, APR 23 - European Union lawmakers on Tuesday backed new budgetary rules aimed at boosting investment while keeping spending under control despite fierce criticism from leftwing groups. Brussels spent two years negotiating an overhaul of its budget rules that pitted fiscally hawkish states against the bloc's most indebted nations. A majority of lawmakers backed the new rules during a session of the European Parliament in Strasbourg, France. It will become official once the EU's 27 member states endorse the text. Leftwing MEPs claim the reform will bring in further austerity in Europe, but the bill had the backing of the three biggest political groups in parliament including socialists and conservatives. Once in place, the EU believes the looser rules will keep the bloc on a sound financial footing, while giving greater leeway for investment in critical areas like the green and digital transitions, as well as defence. (ANSA-AFP).