ECB estimates suggest meeting current challenges will be impossible within fiscal rule space

Created
Mon, 08/07/2024 - 17:30
Updated
Mon, 08/07/2024 - 17:30
In the recent issue of the ECB Economic Bulletin (issue 4/2024) there was an article – Longer-term challenges for fiscal policy in the euro area – which demonstrates why the common currency and its bevy of fiscal rules and restrictions is incapable of meeting the challenges that humanity and the natural world face in the…