After the pandemic and the launch of the NGEU, a revision of European fiscal rules are even more necessary. the rule of 1/20th debt reduction should be replace with a more gradual ad decentralized approach. In addition, the debt/GDP ratio could be raised to 100%. These proposal should not preclude a more progressive reflection on the reform of the economic governance.
Fontana, O., Majocchi, A., Towards a revision of the Stability and Growth Pact, <<CSF Policy Paper>>, 2022; 2022 (49): 1-9 [https://hdl.handle.net/10807/230558]
Towards a revision of the Stability and Growth Pact
Fontana, Olimpia
;
2022
Abstract
After the pandemic and the launch of the NGEU, a revision of European fiscal rules are even more necessary. the rule of 1/20th debt reduction should be replace with a more gradual ad decentralized approach. In addition, the debt/GDP ratio could be raised to 100%. These proposal should not preclude a more progressive reflection on the reform of the economic governance.
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