Banca centrale europea – Relazione annuale 2025

Presentato da Rada Laykova, Siegbert Frank Droese

Aggiunto: Ha. whereas the convergence criteria are mathematical – not political – rules designed to prevent instability in the euro area, support price stability and act as a protector of people’s purchasing power and wealth; whereas the 3 % budget deficit rule is the mathematical upper limit to a sustained deficit so as to at least ensure the mere mathematical possibility of repayment of debt (no-Ponzi scheme condition) without resorting to higher inflation, while this calculated limit was based on the substantially stronger economic growth levels of the 1990s; whereas the breaking of the deficit criterion for various political reasons has become normal and now even institutionalised in the EU, while financial markets will only consider mathematical – not political – reasoning for their price and interest evaluation of sovereign bonds;

Testo come pubblicato dal PE, in inglese. PE782.063v01-00