23
Apr
2024
Watch
Effective coordination of economic policies and multilateral budgetary surveillance - Speeding up and clarifying the implementation of the excessive deficit procedure – amending Regulation - Requirements for budgetary frameworks of the Member States – amending Directive (joint debate – Economic governance)
Mr President, ladies and gentlemen. Binding fiscal rules are essential in a single market with a single currency, but in which economic and fiscal policy remains a national competence. Unequal debt levels in the euro area strain the stability of the euro and at the same time ensure that public investment for higher-debt countries is accompanied by disproportionate financing costs. Reform was overd…