Is the EU fiscal rules reform going in the right direction?
Reviewing the European Commission’s proposal for reforming the Stability and Growth Pact.
On 9 November, the European Commission presented its long-awaited proposal for a reformed EU economic governance framework. The proposal intends to focus on medium-term risks to debt sustainability and to allow flexibility to boost growth and investments and move away from yearly micro-management of unobservable public finance variables. Maria Demertzis invites Jeromin Zettelmeyer, Grégory Claeys and Zsolt Darvas to share their views on the reform proposal.
Related content
Should the European Union’s fiscal rules bend to accommodate the defence transition?
EU debt rules should not be changed to exempt increased defence spending, but some flexibility could be considered
The evolution of European public goods
How Europe has tackled the challenge of a common budget
The new economic governance framework: implications for monetary policy
Has Hungarian obstructionism triggered greater EU fiscal integration?
Viktor Orban, by delaying EU aid to Ukraine, may have inadvertently helped make the case for more EU fiscal federalism