| Author (Person) | Vanden Bosch, Xavier |
|---|---|
| Publisher | Royal Institute for International Relations (Egmont Institute) |
| Series Title | European Policy Briefs - Egmont Institute |
| Series Details | No.14 (January 2013) |
| Publication Date | January 2013 |
| Content Type | Journal | Series | Blog |
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Abstract: Fiscal consolidation is essential to ensure the sustainability of eurozone countries’ public debt. However,as a principle, consolidation should not be pursued at a pace unnecessarily undermining growth in the short term. Repeated downward revisions of growth call for the use of the flexibility foreseen in the EU fiscal framework. The Commission should adapt the deadlines for fiscal correction to prevent excessive, pro-cyclical adjustment in 2013. In turn, adequate surveillance and coordination must ensure structural adjustments constitute the core of fiscal consolidation plans. |
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| Source Link | Link to Main Source http://aei.pitt.edu/63537/ |
| Subject Categories | Economic and Financial Affairs, Internal Markets |
| Countries / Regions | Europe |
