Prospects for a Modification of EU Fiscal Rules
Prospects for a Modification of EU Fiscal Rules
Author(s): Melchior Szczepanik
Subject(s): Politics, International relations/trade, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; fiscal rules; prospects; modification; COVID-19;
Summary/Abstract: Confronted with the economic crisis provoked by the COVID-19 pandemic, EU Member States decided to increase public spending which, due to low interest rates, they could finance through debt on attractive terms. These circumstances favour the calls for reform of EU fiscal rules that impose limits related to deficit and public debt. Modifications will most probably focus on making more room for growth enhancing spending (green and digital transitions, education).
Series: PISM Bulletin
- Page Count: 3
- Publication Year: 2021
- Language: English
- Content File-PDF