Zsolt Darvas: Fundamental reform of EU fiscal rules is needed irrespective of the pandemic

“A fundamental reform of EU fiscal rules is needed irrespective of the pandemic and the fiscal situation of EU countries in the years to come, and the reason is that current rules suffer from major shortcomings. The current rules are overly complex, unpredictable, relies on unobserved variables (output gap and structural balance) that are difficult … Continue reading Zsolt Darvas: Fundamental reform of EU fiscal rules is needed irrespective of the pandemic