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What Stability and Growth Pact is needed to support the euro?

Day 2 Afternoon

Thursday 27 April

Room :



Pierre Gramegna
Director General - European Stability Mechanism
Public Authorities
Mindaugas Liutvinskas
Vice Minister - Ministry of Finance of the Republic of Lithuania
Vincent Van Peteghem
Deputy Prime Minister and Minister of Finance - Ministry of Finance, Belgium
Harald Waiglein
Director General for Economic Policy, Financial Markets and Customs Duties & Member of the Board of Directors, ESM - Federal Ministry of Finance, Austria
Other stakeholder & expert
Jacques de Larosière
Honorary President - Eurofi


European fiscal rules, as enshrined in the Stability and Growth Pact, are currently suspended to allow governments to fight the economic fallout from the pandemic. Under current plans, these fiscal rules will be enacted again in 2024. The EU Commission is expected to put forward its SGP reform proposals based on the principles outlined in the March ECOFIN conclusions.
The objective of this exchange of views is to assess the changes needed in the Stability and Growth Pact in light of the current state of the debate and the initiative of the European Commission.

Points of discussion

  1. How to reduce the high and divergent public debt ratios in a sustainable, growth-friendly and realistic manner?
  2. How to promote better quality and composition of public finances and national ownership?