Whilst acknowledging the contribution made by the fiscal rules of the Stability and Growth Pact to stabilising the economy of the Eurozone in recent years, the annual report of the European Fiscal Board, published on Wednesday 15 October, sets out recommendations to make these rules more effective.
This is the first annual report of this entity, set up in 2016 to improve fiscal policy in the Eurozone (see EUROPE 11649). The study published on Wednesday is based on the results and...