The member States of the European Union
break up the possibility to relax the bloc fiscal rules. Even if the European
Central Bank and some other governments insist to give an increase of public
spending and to mitigate the risk of recession.
According to a report that European Central
Bank has recently published, it insists to apply a “golden rule” in the Pact of
Stability and Growth. This condition will keep out additional expenditure on EU
projects co-financed by them when assessing national expenditure against
On the report of Niels Thygesen the
attention “is given to stimulate the growth enhancing spending by the likely
persistence of a low-interest-rate environment as well as by the increasingly
specific nature of EU investment initiatives”.
Written by Greta RamaEU-Logos Athèna