Brussels eyes lessening bank exposure to home bonds

As European Union growth slows, European commissioners signaled in written answers to EU lawmakers published on Friday their preferred measures to revive the economy, with the commissioner-designate for taxation, Paolo Gentiloni, pushing for fiscal leeway and Commission Vice President Valdis Dombrovskis calling for a "responsible fiscal policy."
"I will seek to have the Commission apply the Stability and Growth Pact, making full use of the flexibility allowed in the rules," Gentiloni said, repeating recurring calls from Italian politicians who see the bloc's fiscal requirements as too strict.
Dombrovskis, who will decide together with Gentiloni how to apply the rules in the coming five years, was more cautious, confirming his reputation as a defender of fiscal discipline.
"We should be vigilant to possible risks to economic and financial stability and preserve...