[ENG] Towards a realistic and result oriented European economic governance

Anticipating the European Summit on the 10th and 11th of March, Greentervention proposes the following reform, focusing in particular on the following points :

  • Focus on the legislation adopted after the global crisis and that can be changed at a qualified majority by the council (and majority by the EP)
  • Substantial reorientation of long term objectives of the economic governance from the control of public debt and deficit to the realization of  Green deal objectives, employment, pillar of social rights and just transition
  • Assessing accordingly the economic and budgetary policy of each country
  • Opening space for higher debt if linked to a greater volume of investment in the transition
  • Considering seriously the need for counter cyclical budgetary policy
  • Replacing a single fiscal rule by country specific analysis of debt sustainability”

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