EU fiscal rule reform will raise member-state tensions

The European Commission proposal for EU fiscal rule reform will be debated with the aim of being passed by end-2023

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In this article

  • New surveillance rules but no new reference values
  • The net expenditure path
  • Issues with the net expenditure indicator
  • New debt reduction rule
  • Medium-term fiscal-structural plans
  • Enforcing fiscal discipline
  • Outlook

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