The Limited Times

Senate technicians, impossible to reduce debt to 60% of GDP

8/20/2022, 1:18:50 PM


There are various ways "to overcome the current rigidity of the rules imposed by the Stability and Growth Pact". (HANDLE)

(ANSA) - ROME, AUGUST 20 - There are various ways "to overcome the current rigidity of the rules imposed by the Stability and Growth Pact".

One of these is "the elimination of the objective of 60% debt / GDP, which is arbitrary and introduces an undesirable tightening of fiscal policy": the technicians of the budget service of the Senate write it in the latest dossier drawn up concerning the reform of EU rules.

According to experts "it is almost impossible to reduce the debt to 60% of GDP in the next decades, for the euro area and for many of its member states".


    European rules "well conceived and transparent can improve budget performance and prevent political missteps", add the technicians (ANSA).


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