Volkswirtschaftliches Seminar (S2):

"30 Years of Maastricht: EU fiscal rules – reform considerations and economic governance"

Übersicht: 

The Corona pandemic has hit the economies of the euro area hard and has pushed countries' sovereign debt to record highs. Interventions by national governments cushioned the downturn and mitigated social hardships, and EU institutional support helped keep borrowing costs low. The Stability and Growth Pact's (SGP) general escape clause was activated to help EU Member States adequately respond to thecrisis and stabilise their economies. Now, new economic reality necessitates a fresh look at the European fiscal rules. That is, the Recovery Plan will be massively threatened if the EU fiscal rules suspended during the crisis are reinstated in unchanged form in the coming years. Now a reform that makes the Stability and Growth Pact more flexible, investment-oriented and democratic is all the more important.