Faced with the uncertainty created by the Russian invasion of Ukraine, the European Commission decided on Wednesday 2 March to review the macroeconomic situation in the “spring”, with a view to confirming or rejecting the re-establishment of the application of the Stability and Growth Pact from 2023.
At this stage, the outbreak of war in Ukraine and the repercussions of international sanctions on Russia “will weaken economic growth in the EU, but will not derail it”, said EU Economy...