Stability and Growth Pact
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25 Apr 23Stricter rules and stronger enforcement of the European Union fiscal framework would protect the bloc’s economy better than if those rules were loosened, according to Germany’s finance minister.
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15 Mar 23Universal energy support measures will leave European Union governments unable to meet fiscal rules when they restart at the end of the year so should be wound down, a senior commissioner has said.
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12 Sep 22European Union member countries will need to “assume ownership” of their compliance with the bloc’s fiscal rules under a new system with stronger enforcement from Brussels, the Czech finance minister...
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10 Dec 21European Union countries must be able to invest in ‘greening’ their economies under new fiscal rules, the head of the International Monetary Fund has said.
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12 Nov 21The European Union has been told it should come up with “genuine reform” for its fiscal rules ahead of their reintroduction in 2023 following the Covid-19 economic crisis.
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29 Oct 21The European Union should relax its debt expectations for member states to allow them to support the economic recovery from Covid-19, economists from the bloc’s bailout fund have said.
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18 Oct 21The European Union’s budget rules on debt levels for member states are "nonsensical" and need to be updated, the head of the EU’s bailout fund has said, ahead of new reform efforts.
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6 Sep 21Greek officials have called for each European Union country to be given tailor-made debt targets, calling the current blanket fiscal rules “practically inapplicable”.
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31 Aug 21Austria’s finance minister has urged his European Union counterparts to reduce their high levels of spending as the economic rebound from Covid-19 continues.
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30 Jul 21European Union fiscal rules need to allow for stronger public investment to drive growth in the coming years, the European Commission’s economics leader has said.
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2 Apr 20The coronavirus crisis has shown the EU’s fiscal rules to be in immediate need of reform, senior economists at Finland’s national audit office have claimed.
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6 Feb 20The European Commission has begun the process of overhauling the EU’s fiscal rules that it imposes on member countries.