Austerity policy is costing us our future

Ahead of this week's Ecofin meeting of EU finance ministers, the NGO Fiscal Future is calling for the EU framework for economic governance to be relaxed to allow sufficient investment for social and environmental goals. The austerity course that Germany is helping to drive forward would be expensive in the long term, write Carolina Ortega Guttack and Carl Mühlbach.

Last updated: 24. July 2025