At the beginning of December, the experts from the Council of the European Union’s Economic and Financial Committee (EFC) finalised a revised Code of Conduct on implementing the Stability and Growth Pact as revised in 2024.
These guidelines focus on changes brought about by the revision of European fiscal rules. In particular, they specify the indicator that should enable the multi-annual trajectory for net primary expenditure to be monitored. A reporting system, developed by Eurostat,...