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
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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
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