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As we feel the limits of our planet, governments must mobilise their regulatory toolkit and all the public resources required for the sustainable transition, to ensure economic resilience and the prosperity of future generations. This means upgrading infrastructure, health and educational systems and supporting the citizens affected by the economic transition.

Public deficits will likely increase, but paradoxically, they are indispensable for public debt sustainability in the long run, and financial markets know it. Public money is required to crowd in private investment and a failure to invest will result in much bigger future fiscal imbalances due to unmitigated climate change and loss of economic and social resilience.

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5 PUBLICATIONS

Consultation response

23/12/2021

Public Finance

Maastricht 2.0: Updating EU economic governance for the challenges ahead
Report

12/07/2021

Public Finance

Fiscal Mythology Unmasked

Debunking eight tales about European public debt and fiscal rules. Europe faces serious environmental, economic and social challenges that require a rethink on public intervention. Not free to do as they wish,...
Policy brief

19/03/2021

Public Finance

One Framework to Rule Them All

The European fiscal framework in five questions. A helpful primer that explores the set of rules within the European fiscal framework that constrain EU Member States’ fiscal policy.
Factsheet

19/03/2021

Public Finance

Navigating the Maze

A Finance Watch primer on how to reform European economic governance. European Member States remain constrained by European economic governance – a maze of rules impacting their fiscal and socio-economic policies. Highly...
Open letter

17/02/2021

Public Finance

Reshaping the European Fiscal Framework – English language letter

An open letter sent in February to European Union leaders asking them to review EU economic governance.

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The blog corner

Public Finance

Level:Regular

10.03.2023

It’s time to fix EU fiscal rules

Public Finance

Level:Regular

29.09.2021

Debunking eight tales about European public debt and fiscal rules

Public Finance

Level:Expert

15.02.2021

Bail out people, not banks
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