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Exchange of views: Reforming the Stability and Growth Pact

Day 2 Afternoon

Thursday 09 September

Room :

Plenary Room 1


Tuomas Saarenheimo
President of the Eurogroup Working Group and the Economic and Financial Committee - Council of the European Union - DG for Economic Affairs and Competitiveness
Public Authorities
Declan Costello
Deputy Director-General, DG ECFIN - European Commission
Katja Lautar
Secretary of State - Ministry of Finance, Slovenia
Gintarė Skaistė
The Minister - Ministry of Finance of the Republic of Lithuania
Harald Waiglein
Director General for Economic Policy, Financial Markets and Customs Duties - Federal Ministry of Finance, Austria
Other stakeholder & expert
Jacques de Larosière
Former President - EUROFI

The objective of this exchange of views is to assess the outlook for the euro zone’s fiscal policy rules when the Covid 19 crisis is in remission or over and to discuss when and how to reintroduce the fiscal rules of the Stability and Growth Pact. 

The speakers are invited to express their views on the right EU mechanism to be proposed in order to avoid unsustainable public finance trajectories, on the measures needed to encourage Member States to implement structural reforms, obeying rules that encourage the financing of public growth enhancing future rather than current expenditure and proposing a way forward that would finally make these EU measures effective.

Points of discussion

  1. What outlook is there for the euro zone’s fiscal policy rules when the COVID-19 crisis is over?
  2. How to reactivate a new set of Stability and Growth Pact rules? How should the debt rule of the Stability and Growth Pact be reformed before being reintroduced? What EU mechanism would prevent unsustainable future public finance trajectories? How to encourage growth-enhancing expenditure?