The high level of public spending observed in 2023 and up to 2024, despite the restrictive budgetary stance agreed at European level, points to a “difficult start” for the implementation of the revised Stability Pact, warned the chairman of the European Fiscal Board (EFB), Niels Thygesen, as he presented the board’s annual report on Wednesday 2 October.
Observing the budgetary performance of the Member States in relation to the macroeconomic situation in 2023, the European board...