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Maastricht values | VOX, CEPR Policy Portal

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 reference values have no solid ground in either theory or empirical evidence. No such a claim was made at the time (or ever). ....

United Kingdom , Adrian Peralta Alva , Lucio Pench , Maureen Burke , Alexandre Lamfalussy , Bergljot Barkbu , International Financial Statistics , Council Of The European Union , European Union , European Commission , Economic Policy Committee , Member States , Growth Pact , Maastricht Treaty , Delor Report , Global Financial Crisis , Mario Draghi , Thomson Reuters Datastream , Haver Analytics , Global Financial Data , Excessive Deficit Procedure , Member State , Ageing Report , Adrian Peralta , Discussion Paper , Maastricht Fiscal Criterion ,

Recommendation on the Excessive Deficit Procedure in case of Romania, adopted on Friday at the ECOFIN Meeting

Recommendation on the Excessive Deficit Procedure in case of Romania, adopted on Friday at the ECOFIN Meeting
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Alexandru Nazare , Paolo Gentiloni , European Council , Convergence Program , European Commission , Financial Affairs Council , Excessive Deficit Procedure , Finance Alexandru Nazare , European Semester , Romanian Government , Structural Funds , Resilience Facility , European Commissioner , Romanian Minister , அலெக்ஸாண்டரு நசரே , ஐரோப்பிய சபை , குவிதல் ப்ரோக்ர்யாம் , ஐரோப்பிய தரகு , நிதி வாழ்க்கைத்தொழில்கள் சபை , அதிகப்படியான பற்றாக்குறை ப்ரொஸீஜர் , நிதி அலெக்ஸாண்டரு நசரே , ஐரோப்பிய தவணை , ரோமானியன் அரசு , கட்டமைப்பு நிதி , விரிதிறன் வசதி , ஐரோப்பிய ஆணையர் ,

RAAD VAN DE EUROPESE UNIE (Economische en Financiële Zaken)

RAAD VAN DE EUROPESE UNIE (Economische en Financiële Zaken)
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Bruxelles Capitale , Banking Union , European Union , Central Bank , Financial Affairs , European Court , Treaty On European Union , Resilience Facility State , Growth Pact , Excessive Deficit Procedure , Reference Guidance , Stability Mechanism Board , Governors Annual , Investment Bank Board , ப்ரூக்ஸெல்ஸ் தலைநகரம் , வங்கி தொழிற்சங்கம் , ஐரோப்பிய தொழிற்சங்கம் , மைய வங்கி , நிதி வாழ்க்கைத்தொழில்கள் , ஐரோப்பிய நீதிமன்றம் , ஒப்பந்தம் ஆன் ஐரோப்பிய தொழிற்சங்கம் , வளர்ச்சி ப்யாக்ட் , அதிகப்படியான பற்றாக்குறை ப்ரொஸீஜர் , முதலீடு வங்கி பலகை ,

European Semester Spring Package: Paving the way for a strong and sustainable recovery | EU Commission Press

4 hours ago
The European Commission has today presented the European Semester Spring Package, which focuses on providing fiscal guidance to Member States as they continue the process of gradually reopening their economies. This guidance aims to help Member States strengthen their economic recoveries, making the best possible use of the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. The European Semester has been adapted this year, given the links to Member States’ recovery and resilience plans, laying out the investments and reforms that the RRF will finance.
Fiscal policy guidance and the continued application of the general escape clause ....

Nicolas Schmit , Valdis Dombrovskis , Paolo Gentiloni , Commission Communication , Commission Spring , Members Of The College , Un Sustainable Development Goals Sdgs , Growth Pact , Member States , Member State , Excessive Deficit Procedure , Three Member States , Strong Social Europe , Just Transitions Communication , Development Goals , Employment Guidelines , European Pillar , Social Rights Action Plan , Oporto Social , Executive Vice President , Special Edition , Spring Package , Resilience Facility , Social Rights , Social Summit , Social Rights Action ,

European Commission recommends Romania to correct excessive deficit by 2024

The European Commission on Wednesday recommended a Council recommendation for the correction of Romania s excessive deficit by 2024.. ....

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