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The EU’s long-term fiscal challenges

The Sound of Economics

CHAPTER

The Importance of Fiscal Rules in Stabilizing Debt

The Green Deal is a medium-term annual requirement of 1 to 2% of GDP per year. If not higher, then what countries would have to do to stabilize the debt,. It comes on top of that. But if we are talking about spending say 10 points of GDP on climate investment over the next five to 10 years, of course, this is also something that could be done simply through higher debt.

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