| Author (Person) | Martin, Philippe, Ragot, Xavier |
|---|---|
| Author (Corporate) | European Parliament: DG Internal Policies |
| Publisher | European Parliament: European Parliamentary Research Service (EPRS), European Union |
| Series Title | EPRS In-Depth Analysis |
| Series Details | PE 651.375 |
| ISBN | 978-92-846-7444-2 |
| EC | QA-03-20-742-EN-N |
| Content Type | Research Paper |
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Abstract: 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. |
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| Source Link | https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_IDA(2021)651375 |
| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Economic and Monetary Union [EMU], Economic Governance | Situation |
| Keywords | Stability and Growth Pact [SGP] |
| International Organisations | European Union [EU] |
