Guttenberg, Lucas; Redeker, Nils - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 105 (2025) 4, pp. 243-248
Although the new EU fiscal rules improve the macroeconomic logic and differentiation, they offer very little leeway for urgently needed, debt-financed defence spending. However, the EU Commission's proposal to solve this via flexible escape clauses undermines the credibility of the rules. A new...