Effectively suspended since the onset of the Covid pandemic, the EU fiscal rules were set to make a comeback in 2024. At the same time, the EU was pushing for a major and swift overhaul of its fiscal framework. This column describes how, caught between freedom and responsibility of the transition phase, countries with a less virtuous track record under the EU’s fiscal framework opted for further fiscal loosening rather than reducing imbalances. Deviations from the old rules remained

Tag-uri: Coronavirus