The annual report of the European Fiscal Board, which was published on Wednesday 10 October, flags up weaknesses in the current budgetary supervisory framework and suggests significant reforms of the Stability and Growth Pact, in order to cleanse the public finances of the eurozone countries.
This is the second annual report published by this entity, which was set up in 2016 to provide budgetary policy orientations at the level of the eurozone (see EUROPE 11649, 11905).
Confirming the...