2023-07-13 18:53:09
“We are on a crest path”, recognizes Paschal Donohoe, the Irish president of the Eurogroup, the inner circle of members of the euro zone, which met Thursday in Brussels. JOHN THYS/AFP
DECRYPTION – The twenty countries of the euro zone are committed to restoring their public finances from 2024.
Europe is emerging in pain from a four-year period of fiscal laxity and all-out state support for their economy. Since the Covid pandemic, the war in Ukraine, the energy crisis and the surge in inflation, the rules of budgetary discipline governing the euro zone – thresholds of 3% of GDP for the deficit and 60% for the debt – have been put in place. outstanding. They will be applied again from the beginning of next year.
Even if, at the same time, the members of the European Union are in the process of negotiating a reform of these rules, it will be necessary to get back to the nails, whether it is the old or the new criteria, if they are adopted by there.
“We are on a ridge path”, recognizes Paschal Donohoe, the Irish president of the Eurogroup, the inner circle of members of the euro zone, which met Thursday in Brussels. The majority of states do not meet the criteria. If this is not yet widespread austerity, the Commission has asked them to adopt
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