Almost-new fiscal rules for an old Europe
The proposed new fiscal rules may represent modest steps from the status quo. But they are in the right direction.
Enrico D'Elia
The twin original sins of fiscal Europe
With the post-Maastricht fiscal rules in abeyance due to the pandemic, it’s time to address their fundamental flaws.
Reforming Europe’s fiscal rules
Why do the Maastricht criteria compare budget deficits and public debt with GDP rather than budget revenues? That’s a good question.