Today we propose new economic governance rules.

The aim is to strengthen public debt sustainability and promote sustainable and inclusive growth.

🔴 Press conference on #EUEconomicGovernance framework by @VDombrovskis and @PaoloGentiloni https://n.respublicae.eu/i/broadcasts/1OdJrzREVpqJX

🐦🔗: https://n.respublicae.eu/EU_Commission/status/1651166247797547009

@VDombrovskis @PaoloGentiloni Stronger national ownership

National medium-term fiscal-structural plans are the cornerstone of our proposals.

EU countries will have greater leeway in setting their own fiscal adjustment paths and reform and investment commitments.

🐦🔗: https://n.respublicae.eu/EU_Commission/status/1651166997613273088

Simpler rules

For EU countries with a deficit above 3% of GDP or public debt above 60% of GDP, we will issue a country-specific “technical trajectory”.

For EU countries with a deficit below 3% of GDP and public debt below 60% of GDP, we will provide technical information.

🐦🔗: https://n.respublicae.eu/EU_Commission/status/1651167316493606916

Common safeguards will apply to ensure debt sustainability.

Escape clauses will allow deviations from the expenditure targets in case of a severe economic downturn or of exceptional circumstances outside the control of an EU country with a major impact on public finances.

🐦🔗: https://n.respublicae.eu/EU_Commission/status/1651167844531355648

Facilitating reforms and investment

Our proposals also aim to facilitate and encourage EU countries implementing important reform and investment measures in:

🫒 the green and digital transitions
💪the economic and social resilience
🛡️the need to bolster Europe's security

🐦🔗: https://n.respublicae.eu/EU_Commission/status/1651168378306932737