Economics, Econometrics and Finance
4 years ago

EU fiscal rules to be replaced by qualitative standards for debt sustainability.

1 view
RePEc: Research Papers in Economics
Redesigning EU fiscal rules: From rules to standards
Olivier Blanchard, Álvaro Leandro, Jeromin Zettelmeyer

Paper Summary

The EU fiscal rules are being redesigned due to high debt levels. Instead of strict rules, the idea is to use flexible standards that allow for judgment. Each country will be assessed individually to see if they meet these standards. Disputes will be settled by an independent institution.

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