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T.G. Givens recently invited grandparents to lunch with their grandchildren. Grandparents Day is celebrated each year on the second Sunday of September. Givens invited grandparents and special guests to celebrate on Monday, September 11, 2023. (L) Pictured left to right: Adrian Peralta pictur
With 60 percent of African countries spending more on debt repayment than on national healthcare, the EU should use Global Gateway financing to address structural issues rather than conversations about finance.
Agnès Bénassy-Quéré The Maastricht fiscal architecture relies on limits on debt and the general government deficit. The reference values used are 3% for the deficit and 60% for the debt, both in terms of GDP. These reference values are not specified in the body of the Treaty. Instead, they are defined in an annexed Protocol. The expression “reference values” is used six times when defining the two criteria to be used by the European Commission when monitoring developments of public finances, with a view to identifying “gross errors” in the conduct of fiscal policy. These two refer...