2023-05-27 09:00:00
Reserved for subscribers
CHRONIC. Their decision will have consequences on Europe’s ability to finance the energy transition, industrial relocations or education and health expenditure.
By Patrick Artus
Published on
Subscriber-only audio playback
Lhe European Commission presented, in April, its plan to reform the Stability and Growth Pact. Even if some flexibilities have been introduced compared to the previous Stability and Growth Pact, this Commission proposal shows a return to a clear form of budgetary rigour.
The reform proposals include new flexibilities: taking into account public expenditure on energy transition or investments in digital technology or even defense – however without excluding these expenditures from the calculation of the public deficit and the public debt –, specific nature to each country of the stability programs submitted to the Commission.
Financial penalties
But these flexibilities do not prevent the general framework of the new stabi…
#European #Commission #ECB #choice #rigor