A proposal to revive the european fiscal framework by Grégory Claeys, Zsolt Darvas and Álvaro Leandro published by Bruegel Policy Contribution (3/2016). “Pro-cyclical fiscal tightening might be one reason for the anaemic economic recovery in Europe, raising questions about the effectiveness of the EU’s fiscal framework in achieving its two main objectives: piblic debt sustainability and fiscal stabilisation,.”
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