About: European Fiscal Board

Economic governance 16-10-2018

Eurozone faces critical budget issue as Italy defies the rules

For the first time since post-crisis rules entered into force, all eurozone countries are to submit their draft budget plans to the European Commission, but the Commission could also make an unprecedented move itself: sending one of budgets back to where it came from, most likely, Rome. 
Economic governance 11-10-2018

EU Fiscal Board blames Commission for ineffective recommendations

The European Fiscal Board complained on Wednesday (10 October) that member states had failed to use strong economic growth to reduce their public debt, and called for a major change of EU fiscal rules to ensure better enforcement by the European Commission.
Economy & Jobs 18-06-2018

Commission’s ‘stabilisation function’ very modest, says eurozone fiscal sheriff

The European Fiscal Board has discredited the Commission’s proposed fund to protect investment as “very modest”, “narrow” and not well designed, its chair Niels Thygesen said on Monday (18 June).
Economy & Jobs 16-11-2017

European Fiscal Board calls for simple but tougher rules

The European Fiscal Board, the EU's finance watchdog, wants clearer rules and real sanctions to punish profligate member states and limit the European Commission’s discretion to interpret the Stability and Growth Pact.
Economic governance 17-07-2017

European fiscal board chief: ‘Stop talking about recovery, we are approaching normality’

Arguably, the EU’s economic governance framework is one of the most divisive issues among member states and top priority in Europe’s to-do list of outstanding reforms. Niels Thygesen does not shy away from this challenge. After questioning European Commission fiscal stance for this year recommendation, he proposed a return to a more ‘prudent’ orientation for 2018. In October, he will address one of the hottest topics: whether the application of the Stability and Growth Pact (SGP) unfairly favoured countries like France.
Euro & Finance 01-02-2017

Member states warn EU fiscal supervision ‘inadequate’

Rules to control national spending are “complex” and the current approach is “inadequate”, the chair of the EU Network of Independent Fiscal Institutions, José Luis Escrivá, said on Tuesday (31 January).
Euro & Finance 09-12-2016

European Fiscal Board chief: Commission’s analysis ‘made a bit too quickly’

The new European Fiscal Board began working just as the European Commission took the unprecedented step of proposing a fiscal target for the eurozone. The Board’s chief, Niels Thygesen told EURACTIV.com that the Commission should have done “more analysis” before proposing an expansionist stance.
Euro & Finance 20-10-2016

Commission’s top advisor championed market ‘discipline’ in crisis years

Niels Thygesen, the new chair of the European Fiscal Board, called for “ambiguity” in the eurozone’s rescue mechanisms in order to let investors “impose discipline” on national governments.
Euro & Finance 20-10-2016

Giving some teeth to Europe’s budgetary watchdogs

EU institutions were roundly criticised over their handling of the recent economic crisis, so the European Commission’s decision to stop dithering and appoint a panel of experts to scrutinise budgetary performance is both timely and welcome, writes Michal Horvath.

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