{"id":8121,"date":"2023-12-08T11:36:35","date_gmt":"2023-12-08T10:36:35","guid":{"rendered":"https:\/\/www.greens-efa.eu\/opinions\/?p=8121"},"modified":"2024-01-12T14:07:51","modified_gmt":"2024-01-12T13:07:51","slug":"why-we-reject-the-new-economic-rules","status":"publish","type":"post","link":"https:\/\/www.greens-efa.eu\/opinions\/why-we-reject-the-new-economic-rules\/","title":{"rendered":"Fund our future – Why we reject the new fiscal rules"},"content":{"rendered":"
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2020 was a determining moment for Europe\u2019s economy. In order to survive the biggest health crisis in decades and ensure collective wellbeing, the European Union put on hold their traditional public debt and deficit rules. We survived the pandemic because we prioritised life and welfare over any other economic imperative. Social wellbeing came first.<\/p>\n<\/div>

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And when the war in Ukraine, the energy crisis and the cost-of-living crisis came about, the fiscal rules remained on pause. Once again, we put the welfare of citizens above debt fetishism or deficit reduction. That period also highlighted the urgent need to carry out the green transition and focus on sustainable energies to ensure the resilience of our economies and protect our planet.<\/p>\n<\/div>

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During all these crises, European governments were able to take care of people, invest in our future, and rely on our much-needed public services. It reminded us that our economies can survive some of the worst crises with a different approach to the rules of EU economic governance.<\/p>\n<\/div>

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\n EU economic rules must be changed to give the EU the means to invest in its green and social transition, in people and planet.\n