After several postponements, the European Commission put forward an orientation for a reform of the EU economic governance framework on 9 November. Now, hopefully, a real political discussion can take off. Since the global financial crisis in 2007, the sovereign debt crisis, the migration and climate emergency and the emergence of the EU Green Deal, […]
Recovery
Imagine playing a football match with half of the team seated on the bench. Or rowing a boat with only one oar. Or playing a game of chess without the full complement of rooks and knights. The results of all three of these scenarios would be sub-optimal. Now imagine trying to recover from one of […]
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 […]
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 EU Green Deal is the next big step in decarbonising our economies. But it must not be conceived or perceived as a top-down plan by Brussels. We need buy-in at national level and to work to build it. When the European Commission launches the ‘Fit for 55’ package on 14 July, it will be […]
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 […]
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