Covid-19 and climate crisis reshaping European fiscal landscape
Monday 13 December 2021 – Vol.12 Ed.50.1
Commentary: Are the EU’s fiscal rules fit for purpose?
By Taylor Pearce in London
In response to the pandemic, the EU took extraordinary measures to prevent economic collapse. Though interventions were justified, they exacerbated vulnerabilities. The EU has been left more exposed, with a de facto fiscal union which is incomplete and more susceptible to future shocks. This was one of the key...