About: EU fiscal rules

Economy & Jobs 24-05-2022

Mixed reactions to suspension of EU fiscal rules

While EU finance ministers meeting in Brussels on Monday (23 May) discussed the pros and cons of the EU Commission’s proposal to keep the EU’s fiscal rules suspended for another year, civil society organisations used the opportunity to question the fiscal rules more fundamentally.
Economy & Jobs 23-05-2022

EU fiscal rules to be suspended for another year

Reacting to the economic consequences of the Russian invasion of Ukraine, the European Commission postponed the renewed enforcement of its fiscal rules by a year, to 2024.
Economy & Jobs 05-05-2022

The EU works – when it ignores its rules

Given the circumstances, the European Union's economy is doing reasonably well. However, this success currently relies on the EU circumventing its own rules, putting into question how sensible they are in the first place.
Economy & Jobs 03-05-2022

Four countries enter race to nominate new EU bailout fund chief

As the term of the current managing director of the European Stability Mechanism (ESM) Klaus Regling draws to a close in October 2022, four men have been proposed by their government to succeed him.
Economy & Jobs 05-04-2022

Spain, Netherlands propose ideas to reform EU fiscal rules

Usually on opposite sides of the debate on fiscal rules, the Dutch finance minister Sigrid Kaag and her Spanish counterpart Nadia Calviño presented a proposal that could steer the reform of fiscal rules that is currently being prepared in the EU institutions.
Economy & Jobs 02-03-2022

EU Commission urges member states to invest more

With insecurity for the European economy increasing due to Russia’s war of aggression in Ukraine, the EU executive calls on countries to keep investing in economic growth and remains open about an eventual prolongation of the suspension of fiscal rules.
Economy & Jobs 24-01-2022

Coalition against EU debt rule reform shows cracks

Eight EU countries known as “the alliance of responsibility" who spoke out in favour of an early return to strict debt rules in a position paper in September 2021 are being pushed towards compromise with even Germany adopting a more conciliatory tone. EURACTIV Germany reports.
Economy & Jobs 18-01-2022

Germany, France show divisions on EU budget rules

Germany and France laid out differing visions for the future of the European economy Monday (17 January), signalling a fight later this year to overhaul the bloc's strict rules on government spending.
Economy & Jobs 18-01-2022

Centre-left Scholz and Sánchez far apart on EU fiscal rules

German Chancellor Olaf Scholz gave Spanish Socialist Prime Minister Pedro Sánchez no indication his left-leaning government is ready to support a relaxation of EU fiscal rules, even as the two agreed to work closer together on European policies.
Politics 06-01-2022

What Germany has in store for Europe in 2022

The new German government has made reforming the EU, as well as its own economy and society, one of its top priorities. This year will show how fast and how much the ruling coalition wants to move and how well it will coordinate with its key ally France along the way.
Economy & Jobs 30-12-2021

2022: Fiscal showdown in uncertain economic circumstances

The EU's economic policy agenda for the coming year is packed with negotiations on the bloc's fiscal rules, tax policies, minimum wages, and financial regulations. Here is a comprehensive look at what is coming up.
Economy & Jobs 03-12-2021

Germany rejects relaxation of EU fiscal rules

Under a Liberal-led finance ministry, Germany will take a hard line on EU fiscal policy and reject calls from southern EU countries to relax fiscal rules. However, the business-friendly FDP is open to compromise. EURACTIV Germany reports.
Economic governance 02-11-2021

Discussing EU fiscal rules is a ‘terrible mistake’, says historian Adam Tooze

In an interview with EURACTIV, a prominent economic historian and chronicler of economic crises argued for a different relationship between politics and finance and a new understanding of inflation. According to Adam Tooze, the European Union should focus on growth and not get bogged down in an argument about fiscal rules.
Economic governance 28-10-2021

€10 trillion in green public investments to grow out of climate change

According to a new study, the public sector could take the lead in transitioning to a green economy and help grow the economy at the same time, but only if there is a change in the fiscal rules that are currently debated in the EU.
Economic governance 26-10-2021

ESM economists want to raise public debt limit to 100% of GDP

In a new discussion paper, economists of the European stability mechanism (ESM) suggest a simplification of the EU’s fiscal rules and their adaptation to changed economic circumstances.
Economy & Jobs 26-10-2021

International taxation and green public investments

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A recent event hosted by a range of think tanks looked at current fiscal policy challenges. As public finance plays a role in the transition towards a green economy, it is crucial to examine how the public purse can access...
Economic governance 20-10-2021

Brussels relaunches EU fiscal reform, aims to boost green investments

The European Commission on Tuesday (19 October) took another step towards reforming the EU’s much-discussed fiscal rules, including the bloc's strict debt and deficit limits enshrined in the Stability and Growth Pact.
Economic governance 17-10-2021

Architect of EU fiscal rules calls for reform

Ahead of a new push by the European Commission to reform the EU's fiscal rules, the chief of the bloc's bailout fund, Klaus Regling pointed out the danger of sticking to rules that have become “economically nonsensical”.
Economic governance 04-10-2021

Draghi on quest to challenge EU rules and grow out of public debt

Italian Prime Minister Mario Draghi unveiled an ambitious Italian budget for 2022-2024 last week, with deficits above the limits set by the Stability and Growth Pact, in what appears to be a bet on a change in the EU’s fiscal rulebook.
Elections 22-09-2021

Post-election Germany: back to austerity or fit for a fiscal union?

Germany is heading to the polls on Sunday (26 September) amid intense debate on the future of Europe's fiscal policy.
Economic governance 02-07-2021

Revamping fiscal rules requires a new understanding on debt sustainability

It is necessary to reform the European Union’s flawed macroeconomic architecture as the post-pandemic world demands a new fiscal rulebook to boost our economies, argues Margarida Marques.
Economy & Jobs 05-03-2021

EU’s revised fiscal pact to consider ‘golden rule’ on investment

The European Commission will propose towards the end of the year how to simplify the European Union's complex budget rules, cut accumulated debt and boost investment, European Economic Commissioner Paolo Gentiloni said on Thursday (4 March).
Economy & Jobs 27-01-2020

Centeno: ‘I do see good reasons to support green investment under the fiscal rules’

Speaking to EURACTIV in Davos, Eurogroup President Mario Centeno remained hopeful about the eurozone's stalled reform process, saying there are “good reasons” to support ‘green’ investment as part of a broader review of EU fiscal rules due later this year.
Economic governance 22-01-2020

IMF calls for ‘more automatism’ in public spending

As monetary policy nears its limits to lift the world's sluggish economy, the International Monetary Fund told governments on Tuesday (21 January) to introduce "more automatism" in their fiscal rules in order to counter the economic slowdown.