Finance Policy Sam Morgan - 18/February/2022

Fiscal reform may make or break EU green hearts

A review of the European Union’s fiscal rules in 2022 could open the door for massive public investments into the energy transition. A political fight over the direction of that amendment will dictate just how ambitious Europe can afford to be with its green policies

Without a revision to the rules, national governments may face having to choose between funding social or green policies

POPULAR SUPPORT Reform of pact to exempt green investment from thresholds is gaining momentum

RECOVERY TEMPLATE The pandemic recovery fund offers a suggested programme to appease all member states

KEY QUOTE Getting the fiscal reform right doesn't mean the Green Deal will then be easy to achieve. However, getting it wrong will make its implementation much more difficult ...

 

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