MEPs in plenary gave their first reactions to the @EU_Commission proposals for a reform of the EU fiscal rules.
➡️You can watch Tuesday morning's debate again https://multimedia.europarl.europa.eu/en/webstreaming/plenary-session_20230509-0900-PLENARY?seekTo=230509090224
➡️And a summary of the main feelings is in the thread below 👇
🐦🔗: https://n.respublicae.eu/EP_Economics/status/1655890691115892736
➡️A majority of MEPs deplored the short time for @europarl_en and Member States to adopt the legislation, which should be in place before the expiry of the Stability and Growth Pact escape clause in January 2024.
➡️Many criticised the limited democratic accountability foreseen
🐦🔗: https://n.respublicae.eu/EP_Economics/status/1655890693653504002
➡️Other MEPs reminded that the EU fiscal rules underpinned the EMU, and watering down the rules would undermine this monetary union
➡️The existing fiscal rules never had a flexibility problem. What they suffer from is lack of implementation and credibility these MEPs also said.
🐦🔗: https://n.respublicae.eu/EP_Economics/status/1655890698288111624
➡️Finally MEPs also said that the social dimension had not been factored in enough into the proposals and that the proposals had missed the opportunity to establish a European investment capacity.
🐦🔗: https://n.respublicae.eu/EP_Economics/status/1655890700590776323