How could the Stability and Growth Pact be simplified?

25-04-2018

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for simplification: some relevant positions are reported in this note as well.

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for simplification: some relevant positions are reported in this note as well.