ECONOMY - FINANCE - BUSINESS / Economy

Suggested reform of EU fiscal rules could be very burdensome for highly indebted countries, according to Jacques Delors Institute

Brussels, 21/11/2022 (Agence Europe)

The proposal to reform the European economic governance framework that the European Commission presented at the beginning of November(see EUROPE B13060A1) is certainly “a good basis” for negotiation between the Member States of the European Union, but it “could nonetheless lead to significant fiscal consolidation requirements for highly indebted countries”, according to the Jacques Delors Institute in a note dated Friday 18 November.

The researchers believe that the Commission...