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January 2020

  • Public debt remains high by historical standards in most EU countries.
  • However, some countries with low debt burdens are still running tight fiscal policies. 
  • A wider debate is ongoing about the fiscal governance framework for Europe and whether it is fit for purpose. 
  • This debate includes the extent to which the framework encourages procyclicality, and fail to support productive investment spending. 
  • Productive investment spending could become more important in the context of efforts to meet the EU's climate change objectives.
Read the report HERE.

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