Finally, the reflection process to rethink the rules governing the economic coordination in the EU has officially reopened. The Commission’s Public Debate launched on October 19 is the first step toward a new course of action for European economic integration; a difficult nut to crack that will give headaches to the upcoming EU presidencies, but […]
Changing the EU's fiscal rules
Among the different actions taken by the European Commission in the aftermath of the pandemic, the suspension of the fiscal rules may represent a change as big and as relevant as the much more acclaimed Next Generation EU. Several governments have already hinted that they don’t wish to go back to the same rules, once – in 2023 – the economic outlook recovers. Then, what is the way to go? Which rules need adapting?
What is the strategy to attain meaningful changes to the E(M)U economic governance?
The Progressive Post intends to kick off a debate with three articles that is likely going to be with us for quite some time, as it touches the core of the EU’s economic integration and the level of trust between member states. It is a tough nut to crack!
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The EU’s fiscal rules are currently deactivated due to the Covid-19 crisis. However, returning to the pre-Corona rules would be counterproductive. The first priority of reform efforts should be to ensure that applying the rules will not deepen economic crises and hold back recovery. The second priority should be to allow for more public investment. […]
The work on revising the fiscal rules of the European Union had started long before Covid-19. The global pandemic had put the work on hold, for good reasons. Now that the EU debt levels have risen to new highs the past year, there is a strong need to speed up the process to ensure the […]
Already before the pandemic, it was clear that the economic governance framework of the European Union was unfit to drive long-term prosperity and that it was particularly ill-equipped to sustain the economy in times of recession. The point however is that moving towards a better post-pandemic economic framework is not only a matter of fixing […]
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