Für mehr Sicherheit: Warum und wie die EU die Fiskalregeln (noch einmal) reformieren sollte

Guttenberg Lucas and Redeker Nils

Wirtschaftsdienst, 2025, vol. 105, issue 4, 243-248

Abstract: Although the new EU fiscal rules improve the macroeconomic logic and differentiation, they offer very little leeway for urgently needed, debt-financed defence spending. However, the EU Commission‘s proposal to solve this via flexible escape clauses undermines the credibility of the rules. A new reform is necessary: defence spending above 2% of GDP should be exempted for a limited period of time and growth-promoting investments in countries with moderate levels of debt should be facilitated. This is the only way to reconcile security, fiscal stability and regulatory compliance in the long term.

JEL-codes: H53 H56 (search for similar items in EconPapers)
Date: 2025
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/wd-2025-0067 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:wirtsc:v:105:y:2025:i:4:p:243-248:n:1011

DOI: 10.2478/wd-2025-0067

Access Statistics for this article

Wirtschaftsdienst is currently edited by Nicole Waidlein

More articles in Wirtschaftsdienst from Sciendo
Bibliographic data for series maintained by Peter Golla ().