The Commission accuses the German government of wanting to soften the new debt rules. In a rare display of unity, the traffic lights coalition is arguing that the austerity requirements from Brussels are unnecessarily strict.
By Till Hoppe
In the dispute over the German debt brake, Finance Minister Christian Lindner likes to refer to the strict EU fiscal rules. But he is making it too easy for himself, writes Marina Guldimann from Fiscal Future in today's Opinion. Germany's problem is an anti-growth austerity policy.
By Experts Table.Briefings
Prime Minister Michel Barnier wants to cut public spending and introduce a special tax for large companies and wealthy households. The Commission will formulate its recommendations as part of the excessive deficit procedure in November.
By Claire Stam
China armed itself against the economic downturn with a comprehensive package of measures. What may sound good is half-hearted and does not get to the root of the problems. Risks are once again being pushed into the future.
By Marcel Grzanna
The implementation of the new EU own resource based on non-recycled plastic waste is suffering from teething problems. There is a lack of data and controls. This is the finding of the European Court of Auditors in a new report.
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The dean of the National School of Development, Yiping Huang, believes that economic reforms in China can only be realized if Beijing reins in its local governments with determination and clever policy-making.
By Redaktion Table
The debt rules are forcing savings, while the need for investment is increasing. At the same time, the Next Generation EU investment program is coming to an end. A discussion about a successor program will be unavoidable – but the political hurdles are high.
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The French national debt has grown more than expected. Finance Minister Le Maire is therefore calling for significant austerity measures. All expenditures that do not produce the expected results must be abandoned.
By Redaktion Table
In its interim report on the Recovery and Resilience Facility (RRF), the EU Commission finds few critical words. However, experts disagree as to whether the RRF serves as a model for dealing with challenges in the future, for example in defense.
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The EU Council and Parliament have agreed on a provision that gives states more leeway within the framework of cohesion programs. However, the three percent deficit limit and administrative hurdles significantly restrict the additional flexibility.
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