Departing eurogroup chief warns against post-pandemic rush to reinstate fiscal limits
Brussels took the unprecedented move to suspend the application of its “stability and growth pact” at the onset of the crisis, a move designed to avoid punishing countries for their stimulus efforts.
But the slow return to normality has revived calls for a fundamental rethink of the rules which have been a source of constant tension between Brussels and eurozone capitals in recent years.
FT 7 July 2020
But the slow return to normality has revived calls for a fundamental rethink of the rules which have been a source of constant tension between Brussels and eurozone capitals in recent years.
FT 7 July 2020
A big step towards fiscal federalism in Europe
When the euro was born everyone knew that sooner or later a crisis would occur.
It was also clear that the stability and growth pact was – as I have said before – “stupid”
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