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Is the EU fiscal rules reform going in the right direction?

The Sound of Economics

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Gregor, Is That Eliminated or De-Emphasized?

The debt reference, the 60% is that eliminated or is that de-emphasized? Gregor, yeah. No, there are still some constant actually, yes, the reference values that are in the treaty because the commission does not envisage that the treaty will be changed. The 3% and the 60% will continue to appear in the fiscal framework, but with a different rule. Before, in my view, we had some form of micro management of yearly, non-observable, and as Joel said, mismeasure of the variable. While now we move towards a focus on medium-term risk to the sustainability that also allow for stabilization and investment.

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