- This European Fiscal Monitor—the sixth in a twice-yearly series—covers 24 European economies
- This issue highlights how the modest euro area recovery and low interests are helping the public finances
The Network of EU Independent Fiscal Institutions publishes a new edition of the European Fiscal Monitor. This issue highlights how the modest euro area recovery and low interests are helping the public finances. Yet against that backdrop, debt remains high in many cases, while there is concern among some IFIs that the budgetary roof has not been mended while the sun shines. In other cases, some countries with low debt burdens are still running tight fiscal policies.
This monitor comes at an interesting time with a wider debate taking place about the fiscal governance framework in Europe and whether it is fit for purpose. The Network of EU Independent Fiscal Institutions will gather its members’ thoughts on the European Commission’s review of the fiscal framework in the coming months.