After the pandemic, should we go back to the rules of the world before?
This is, in essence, the great subject on which the twenty-seven finance ministers of the European Union confront their points of view during an informal summit, from Friday until Saturday afternoon, in Slovenia.
With the return of growth and the end of "whatever the cost", the imperative of a return to rigorous management of public finances is galloping in the minds of some.
Including the eight “frugal” states led by Austria, signatories of a letter to this effect.
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Since the start of the pandemic, the strict criteria of the stability pact which governs the euro zone (3% of GDP maximum for the deficit and 60% for the debt) have been suspended in order to allow States to support their companies and their workers. .
This exemption clause will expire at the end of 2022. However, in the meantime, these criteria have more or less shattered.
From 86% in 2019, the average debt level of the euro area has risen
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