
Is the EU fiscal rules reform going in the right direction?
The Sound of Economics
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The Greatest Level of Transparency That the Commission Proposes
I share Jeremy's concern that the level of ambition has not been defined and also the text is not clear on what kind of how fast fiscal adjustment countries we need to do. Let me add one more point. The Commission plans to make public all its calculations, all underlying data, all models which was used for calibrating the initial adjustment paths. I think this great level of transparency that the Commission proposes can also foster public debate throughout the EU. National fiscal councils can also come into play and tell their view,. look, the Commission proposal is not sufficient to ambitious or this or that aspect of the adjustment path is not correct, needs to be amended.
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