fiscal discipline

European economy 18th May 2022

The IMF Calls In Brussels For Fiscal Rules In Europe To Be Applied According To The Debt Of Each Country

The International Monetary Fund (IMF) believes that the debate on whether or not to return to fiscal rules in the European Union is more timely than ever. Now the continent is going through a “second economic crisis” due to the war in Ukraine, after a first one due to the pandemic from which we have not yet recovered. Gita Gopinath, deputy director general of the IMF, said the new fiscal…

Spanish economy, Uncategorised 18th July 2016

Perseverare Diabolicum

Last week the Council decided that Spain and Portugal’s recent efforts to reduce deficit were not enough. This lead to the two countries being fined, the first time this happens since the inception of the euro.

In Europe 4th July 2014

German budget consolidation under threat by its own Länder

BERLIN | Alberto Lozano | While German Finance Minister Wolfgang Schäuble preaches public budget consolidation all around the Eurozone, some Länder don’t seem to be taking his prescriptions seriously. Their deficits continue to grow in 2014 and moving away from the zero deficit goal in 2020 as required by the country’s constitution.