Financial Policy

EU fiscal policy is shaped by the social market economy. Under the financial policy of the European Union fall many tasks such as economic and monetary union, measures to promote employment, growth, investment and security of public finances and financial stability. Read the latest news on EU fiscal policy from the Table.editorial team.

How is economic policy coordinated in EU fiscal policy?
In EU fiscal policy, economic policy is coordinated by individual member states. Due to the single European market, member states must coordinate their economic policies. The Euro Plus Pact obliges the euro countries to adjust national economic policies more closely.
What role does the euro play in European fiscal policy?
The euro as the emblem of monetary union in European fiscal policy makes cross-border trade and thus prices transparent. This has eliminated exchange costs and reduced trade costs.
What are the consequences of a common internal market for fiscal policy?
Fiscal policy entails a common internal market. The EU single market is the largest single market in the industrialized world. For EU citizens, it means that goods, people, services and chapters can cross borders. This means that goods are allowed in all EU member states, people can live and work anywhere in the EU, services are not tied to one country, chapter can flow freely and competition increases.

From interest rate turnaround and new debt rules to inflation and rising prices to migration and climate targets – EU fiscal policy up to date. All news in the Europe.Table.

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VAT is one of the most important sources of revenue for EU member states. But they lost an estimated €93 billion in VAT revenue in 2020 alone. This was determined by the European Commission in a report on the VAT gap. Now the Commission wants to modernize the system and ensure that it becomes more […] continue reading →

Irish Finance Minister Paschal Donohoe is seeking a second term as President of the Eurogroup. The government in Dublin announced that it would nominate Donohoe for a renewed mandate. According to information from Europe.Table, the Irish government has been sounding out the support among the euro states for the mandate. Accordingly, the chances are good. […] continue reading →

The environment and climate ministers of the 27 EU member states want to increase the EU’s climate target deposited with the UN “as soon as possible”. Their conclusions in preparation for the world climate conference in November (COP 27) state that the so-called Nationally Determined Contribution (NDC) will be updated once negotiations on the Fit […] continue reading →

The German "defensive shield" against high energy prices triggers calls in other EU states for new EU debt. Chancellor Olaf Scholz and Prime Minister Rutte reject the calls. They are relying on other instruments to reduce high gas prices. continue reading →

According to European Commission Vice President Valdis Dombrovskis, the European Union finance ministers agreed Tuesday to integrate the EU’s support payments to Ukraine into its 2023 budget to make disbursements more structured and predictable. The move is likely to further tighten links between the EU-27 and EU candidate Ukraine. For almost eight months, Ukraine has […] continue reading →

It is not yet decided who the successor of Klaus Regling as Managing Director of the European Stability Mechanism ESM will be. Eurogroup President Paschal Donohoe said after the Eurogroup meeting that he called a meeting of the ESM Board of Directors for October 6 to coordinate the way forward with the ESM governors at […] continue reading →

The CDU/CSU parliamentary group in the Bundestag is against more leeway in EU fiscal rules. It is necessary to “slim down the Stability and Growth Pact (SGP) to a few basic rules and to make the procedures for enforcing the rules more effective than before, without watering down the European fiscal rules,” according to a […] continue reading →

Burkhard Ober recalls that he was met with astonished looks when he decided to move to Brussels in 2006. At that time, he was Head of European Affairs at Allianz. Today, he uses his many years of experience as a freelance consultant at Hume Brophy. Burkhard Ober starts out as a bond trader in Paris. […] continue reading →

In order for Germany to overcome global crises and challenges such as demographic change, it needs a new fiscal strategy, according to Economics Professor Lars P. Feld and Finance Minister Christian Lindner (FDP). Their three pillars consist of targeted emergency measures, supply policy and compliance with the debt brake. continue reading →

The EU Commission is adding pressure on Hungary in the rule of law conflict by threatening Prime Minister Orbán with withholding billions in EU funds. Experts agree that the sanctions would hit Budapest hard. continue reading →

Two of the probably most pressing and important goals currently pursued by the EU are closely linked: To achieve carbon neutrality by 2050, the EU needs to massively promote the expansion of renewable energies. At the same time, this also factors into achieving complete independence from Russian energy supplies. However, both goals can only be reached if the EU pursues a plan for joint financing and does not leave the countries to fend for themselves. continue reading →

Joachim Poß has been politically active for more than half a century. Even in retirement, he does not keep quiet. He regularly gives his opinion on current political events. “I have always been critical. So critical, in fact, that it has earned me disciplinary proceedings in the past,” he recalls of his not always friendly […] continue reading →