The EU Commission on Wednesday (9 November) presented long-awaited proposals on redrawing fiscal rules for the bloc — after a decade of austerity left European countries exposed to the new challenges of energy and price hikes.
The fresh rules, seemingly inspired by the Covid-19 recovery fund structure, would have governments negotiate a four-year debt reduction path with the commission and then have EU ministers give their green light to it.
Those four years could be extended to...
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Already a member? Login hereEszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.
Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.