It is all but certain that much of the EU is heading towards austerity in 2024.
With record high-interest rates, and worn out by a year of protracted debates about fiscal rules, even the least frugal governments have now accepted the reimposition of hard debt-and-deficit limits that will see about half of all EU members having to impose budget cuts in 2024.
Before we dive into that, it is worthwhile looking back for a minute to the end of 2022 when we were still wondering whethe...
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Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.