• Time to say goodbye to the SGP?

    Time to say goodbye to the SGP?1

    The Stability and Growth Pact was designed to ensure sound budgetary balances and low public debts in the European Union, ultimately achieving fiscal policy coordination. 18 years after its inception, overburdened by an opaque and intricate web of flexibility clauses, the Pact is de facto dead. Could this be the opportunity to rethink European fiscal governance?