How the EU’s fiscal rules should be reformed

Arak, P., Czernicki, Ł. & Sawulski, J. (16 April 2021) How the EU’s fiscal rules should be reformed. LSE European Politics and Policy (EUROPP) blog.
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Two key principles have sat at the heart of the EU’s fiscal rules since the Maastricht Treaty: that governments should run budget deficits no higher than 3% of GDP and maintain a public debt no higher than 60% of GDP. Piotr Arak, Łukasz Czernicki and Jakub Sawulski argue the use of broad fiscal targets of ... Continued

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