Short Cut on the Reform of EU Fiscal Rules With A. Truger and J. Zettelmeyer
For two years now, the EU’s debt rules have been suspended; in the view of many critics in Germany, the criteria have not been effective for a long time anyway. So what could better rules look like? The EU Commission made a proposal on this at the beginning of November, as did the German Council of Economic Experts.
Is the solution for the countries to agree on an individual multi-year debt reduction plan with the Commission in the future? What would be the benefit of giving much more explicit preference to public investment in the future and exempting it from the debt criteria, as proposed by the German experts?
We discuss this in our next New Economy Short Cut with the new director of the Brussels think tank Bruegel Jeromin Zettelmeyer and Achim Truger, who wrote the chapter on EU fiscal rules for the Council, on December 2, 2022 at 4 pm – via Zoom.
has been director of Bruegel since September 2022. Previously, he was Deputy Director of the Strategy and Policy Review Department of the International Monetary Fund (IMF). He has published widely on topics such as financial crises, sovereign debt, and the European Monetary Union.
is Professor of Socioeconomics with a focus on government activity and public finances at the University of Duisburg-Essen. He has been a member of the German Council of Economic Experts since March 2019.