The EU needs new fiscal rules
Future is Blue
English - November 24, 2021 08:28 - 22 minutes - 20.2 MB - ★★★★★ - 1 ratingPolitics News europe european union politics economy experts ursula von der leyen european council european commission european parliament Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The current rules were born in the 90s and, in a nutshell, they mandate Member States to keep public debt below 60% and public deficits below 3% of GDP. Fiscal rules were suspended last year so that Member States had fiscal margin to fight an unprecedented crisis. Now everyone seems to agree that we need a new framework.
In this episode we cover why the EU needs different fiscal rules and why a green golden rule may be a good idea. We also discuss the potential obstacles for reform.