Reform der europäischen Fiskalregeln: Stabilität und Wachstum endlich vereint?

The 2024 reform of the Stability and Growth Pact promises nothing less than a radical reset of European fiscal policymaking. Aimed at addressing the mounting debt burdens of certain member states of the European Union, the reform emphasizes greater national ownership and less uniform adjustment requirements. National governments will have a bigger say in how they define and achieve their fiscal goals and will be granted more time if they implement investments and reforms. However, the governance structure, which has previously complicated the enforcement of rules, remains largely unchanged. The latest reform presents both opportunities and risks.