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Fiscal restraint looks inevitable in the Eurozone following the pandemic, especially if the fiscal rules are reinstated. How to match this with the need to finance the climate transition? Two possible routes are explored. One is the adoption of a ‘green golden rule’, with the structural...
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-based spending policies could have led to much safer fiscal positions much more in line with the EU’s Stability and Growth Pact rules …
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optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The …The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from …
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