The reform of the EU fiscal rules will dominate the Brussels agenda until the end of this year. The Commission proposal is a significant improvement compared to the original framework, but is not ambitious enough in terms of enabling the green and social transition. It does not have explicit room for green investment nor a link to a common EU capacity. The safeguards, introduced at the last moment, are also not helpful and defeat the original logic of the reform. Moreover, its procedural propositions are not supportive of democratic principles.
With this dossier, the Progressive Post offers recommendations on how to improve the fiscal proposal. They range from improving the democratic legitimacy of the process to recommendations on technical aspects of calculations. We should not forget that particular political choices sit behind the technicalities of calculations. Therefore, the discussion should be brought to the level where it belongs – the political level, with questions and debates about the choices we make for our society.
