In-Depth Analysis - When and how to deactivate the SGP general escape clause? - 25-11-2020
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This paper provides a framework for considering when and how to deactivate the general escape clause of the Stability and Growth Pact (SGP). That framework takes into account the goals of the SGP, the desire to avoid pro-cyclical policy influences that mightIn-Depth Analysis - When and how to deactivate the SGP general escape clause? - 25-11-2020
This paper provides a framework for considering when and how to deactivate the general escape clause of the Stability and Growth Pact (SGP). That framework takes into account the goals of the SGP, the desire to avoid pro-cyclical policy influences that might stifle Europe’s economic recovery, and the necessity not to endanger fiscal sustainability in the medium term. The framework also considers the variation in performance across countries and the indicators that might be used to map transitional arrangements. Source : © European Union, 2020 - EP Read more