The EU needs new fiscal rules
Nov 24, 2021•22 min•Ep. 14
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
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.
For the best experience, listen in Metacast app for iOS or Android