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New Fiscal Rules in EU Six-Pack to Benefit CEE5
Politics ♦
Published: April 15, 2013; 14:22 ♦ (Vindobona)
New fiscal rules should reduce risk of self-defeating austerity. There is no need for CEE countries to raise taxes if they stick to growth-friendly policies and cap real increase of expenditures below 1%.
New Fiscal Rules in EU Six-Pack to Benefit CEE5 / Picture: © Vindobona.org
Erste Group’s research report “Fiscal rules in CEE”, released today, finds that CEE5 countries (Czech Republic, Hungary, Poland, Romania and Slovakia) should benefit from the six-pack fiscal rules introduced on the EU level in 2011. The six-pack emphasizes structural benchmarks, which take into account cyclical developments and as such are less harmful for growth than the…
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