Today (29th April, n.d.r.) the Council adopted three pieces of legislation that will reform the EU’s economic and fiscal governance framework.
The main objective of the reform is to ensure sound and sustainable public finances, while promoting sustainable and inclusive growth in all member states through reforms and investment.
The reform’s overall objective is to reduce debt ratios and deficits in a gradual, realistic, sustained and growth-friendly manner, while protecting reforms and investments in strategic areas such as digital, green or defence.
At the same time, the new framework will provide appropriate room for counter-cyclical policies and help address existing macroeconomic imbalances. (...)
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