When and how to deactivate the SGP general escape clause?

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Series Details PE 651.375
ISBN 978-92-846-7444-2
EC QA-03-20-742-EN-N
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The unprecedented level of economic uncertainty requires clarifying the European fiscal rules. To avoid repeating the mistakes of the last crisis, the deactivation of the General Escape Clause should be state-dependent, not time-dependent and should take place only when 1) a reform of the SGP has been agreed upon, 2) the EU has returned to its pre-crisis level in terms of GDP per capita or employment. The state-dependent strategy should also apply at the country level.

Source Link https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_IDA(2021)651375
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