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"If you have a car with one empty tire, the problem is not solved if you put more fuel in the car," said Alfred Katterl when asked about Greece. (Photo: Alice Pasqual)

EU's Mr Austerity: No need to change debt ceiling

Austrian official and fiscal hawk Alfred Katterl has said the EU's 'stability and growth pact' on national debt-limits should remain sacrosanct, but some economists disagree.

Katterl spoke at an online conference on Wednesday (29 September) hosted by Fiscal Matters, a group of civil society organisations, together with other representatives from the EU's so-called 'frugal countries' - Austria, Denmark, the Netherlands, and Sweden.

He backed a recent letter they recently sent to t...

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Author Bio

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.

"If you have a car with one empty tire, the problem is not solved if you put more fuel in the car," said Alfred Katterl when asked about Greece. (Photo: Alice Pasqual)

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Author Bio

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.

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