Italy is stretching budget flexibility to the limit, raising a number of issues over EU fiscal rules

Author (Person)
Series Title
Series Details 08.10.15
Publication Date 08/10/2015
Content Type

Italy is during the autumn of 2015 asking the European Commission for more flexibility over its new budget for structural reforms, investments and to help manage the refugee crisis. Lorenzo Codogno writes that this makes the Italian budget expansionary and, perhaps, also pro-cyclical. Moreover, it raises a number of issues on the proper interpretation of EU fiscal rules, the rules themselves, and the most appropriate fiscal stance given the state of the Italian and EU economy.

Source Link http://bit.ly/1Q7TLCJ
Related Link(s)
European Commission: DG Economic and Financial Affairs: EU economic governance: Stability and Growth Pact: Draft budgetary plans of euro area Member States http://ec.europa.eu/economy_finance/economic_governance/sgp/budgetary_plans/index_en.htm

Countries / Regions
Record URL https://www.europeansources.info/record/?p=489544