9
May
2023
Watch
Revision of the Stability and Growth Pact (debate)
Mr President, Commissioner, the EU has known the SGP since 1997. These are fiscal rules to ensure that EU countries do not spend too much money and do not incur too much debt. That's important. The housekeeping book needs to be in order. Too many Member States spend too much money and are over-indebted. Too much is never good. New rules, as proposed by the Commission, will – I am afraid – not chan…