CER podcast: Berlin versus Brussels: The politics of EU fiscal rules

Centre for European Reform

News

4.4 • 52 Ratings

🗓️ 12 April 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's Centre for European Reform podcast, Sander Tordoir, senior economist at the CER, joins host Octavia Hughes to discuss the EU's fiscal rules ahead of the release of his policy brief on the same subject next week. Sander explains why EU countries must have public finances that are largely aligned and the difficulties the European Commission has faced in enforcing the rules. He offers some suggestions for improving the rules and gives some insight into the proposals set out by the German government in a non-paper last week. Produced by Octavia Hughes Music by Edward Hipkins

Transcript

Click on a timestamp to play from that location

0:00.0	From the Center for European Reform, this is the CIA podcast.
0:04.4	Poson us seriously the question of the
0:06.2	future that we want, and we all
0:08.3	all together, the courage to it construct.
0:10.8	For us in Germany, is the
0:12.2	beckrentness to the European Europe,
0:14.3	a part of our state's resolve.
0:15.9	A strong united Europe is a necessity for the world
0:18.1	because an integrated Europe remains vital to our
0:20.4	international order. This is the moment for the world because integrated Europe remains vital to our international order.
0:21.6	This is the moment for Europe to lead the way towards a new vitality.
0:29.5	Hello and welcome to the CER podcast. I'm Octavia Hughes, host of today's episode, and I'm joined by
0:37.0	Sanda Tordwa, senior economist here at the CER, to discuss fiscal rules.
0:42.4	The topic has catapulted back into, the topic has catapulted back into newspaper headlines after the German government issued a non-paper with their ideas on what reformed rules should look like.
0:55.4	Welcome back to the podcast, Sondon. It's great to be here. So to briefly summarize, the EU's
1:01.1	fiscal rules are a set of guidelines used to nudge member states to keep their budget deficit
1:06.5	below 3% of GDP and their public debt below 60%.
1:11.0	I'd like to start by asking why it's so important that the public finances of member states
1:16.6	are largely aligned.
1:19.0	Right.
1:19.3	Well, fiscal rules are key in the EU and particularly the Eurozone because its economies are
1:26.0	deeply interwoven.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Centre for European Reform, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Centre for European Reform and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.