POLICY COMPASS

The Stability and Growth Pact: A Divisive Attempt at Simplification

by Brunello Rosa and Juliette Lechner

6 December 2023

In this paper we discuss:

• The suspension of the fiscal rules in 2020;
• The proposal of reform made by the EU Commission;
• The objections by Germany and its allies;
• The French attempt to obtain more flexibility;
• The perplexities by Italy; and
• Whether an agreement can be reached by end 2023.

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Download PDF: SGP Reform - December 2023

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