Rethinking fiscal policy

The pandemic and subsequent downturn have seen EU countries
deploy unprecedented fiscal support, while the EU as a whole
complemented this with an architectural innovation in the form of
the Next Generation EU fund. As European economies begin to
recover, is it time to return to pre-pandemic fiscal rules or is
it time to reform them? If yes, then what should be changed and
how?



Bruegel’s Deputy director Maria Demertzis takes a deep dive with
Senior fellow Zsolt Darvas and Rolf Strauch, Chief economist of
European Stability Mechanism.