On Monday 15 July, the euro area finance ministers will adopt a new position on the fiscal stance appropriate for the euro area in 2025.
These discussions on the coordination of the fiscal policies of the twenty euro area countries are taking place at a time of transition towards the application of the revised Stability and Growth Pact starting January 2025. Contrary to the usual cycle of the ‘European Semester’ fiscal process, the Member States have not sent their stability and reform...