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Photo: Thierry Monasse/Getty Images

Photo: Thierry Monasse/Getty Images

The New European Fiscal Rules

The European Union has finally reformed its fiscal rules. These represent considerable progress and modernization compared to the previous ones, but they are not simple, credible, or flexible enough as a framework and are inadequate for the current geopolitical context. 

Critical Questions by Federico Steinberg and Enrique Feás — February 2, 2024