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EU Missed a Trick With Fiscal Rule Revamp, Scope Ratings Says
The European Union’s new fiscal framework got only a lukewarm welcome from Scope Ratings, which warned the outcome will probably cut public investment without increasing compliance. In a report released Monday, the Berlin-based credit assessment company said the bloc didn’t go far enough revamping its regime to curb debt and deficits, and that it risks acting as a brake on the region’s ambitions. “The EU’s revised fiscal rules, while better in certain areas and looser in others, remain inadequate with respect to Europe’s high green, digital and defense investment needs,” Scope analyst Alvise ... (full story)
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- Posted: Feb 19, 2024 3:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,038
