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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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10 PUBLICATIONS

Report

Report – The debts we need: Reinforcing Debt Sustainability with Future-Oriented Fiscal Rules

Misinformed fear about financial markets and debt sustainability has clouded the debate on Europe’s new fiscal rules. This report unveils interactions between European financial markets and sovereign debt and proposes reforms to...
Joint statement

Joint Statement – Reaction to Germany’s pushback on debt rules

Finance Watch co-publishes today a joint statement reacting to the proposal from Germany, backed by other so-called “frugal” governments, for a common hard debt reduction rule. This contradicts the logic of the...
Policy brief

Joint Policy Brief – “Investing in our Future: Seven EU economic governance reforms”

Finance Watch co-publishes today a civil society briefing on how to ensure a reformed European economic governance framework supports the EU’s goals and helps tackling Europe’s multiple crises.
Policy brief

Policy Brief – “Europe’s Fiscal Framework: The People’s View?”

Excessive public spending cuts in the European Union since 2009 have contributed to making citizens €3.000 a year worse-off, according to a new policy brief from the New Economics Foundation and Finance...
Policy brief

Policy Brief – “From Maastricht to Paris: Why climate change should be considered in a reformed EU fiscal framework”

Thirty years after the Maastricht treaty and twelve years after the Paris agreement, connections between climate change, debt sustainability, and the reform of the EU economic governance are often overlooked. This joint...
Policy brief

Policy brief – “Breaking The Stalemate: Upgrading EU economic governance for the challenges ahead”

Thirty years after Maastricht and faced with serious economic, environmental, and social challenges, the time has come for Europe to upgrade its economic governance framework and views of the role played by...
Consultation response

Maastricht 2.0: Updating EU economic governance for the challenges ahead

Report

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

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

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...

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