Early in the crisis the European Commission took the unusual step of suspending the stability and growth pact,
rules designed to ensure EU countries pursue sound public finances
Mr Le Maire, the French finance minister, said that an “improvement” to the rules was necessary in his view, but that it was too soon to discuss when to introduce such a change.
Är Stabilitetspakten Stupid?
- Most governments still deny that they can print money with impunity, as advocated by modern monetary theory, but what matters is that they are doing it.
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