New SEEK Policy Brief Published

In the recent past, the credibility of the Stability and Growth Pact (SGP) of the EU has increasingly suffered from the European Commission's broad interpretation of SGP regulations. Up until now, political forbearance has prevented sanctions from being imposed according to the rules.

The European Fiscal Board (EFB), which was set up by the EU Commission in 2016, offers opportunities for improvement. In cooperation with international research partners, the Mannheim Centre for European Economic Research (ZEW) has investigated in the frame of the SEEK-ENBI project how the EFB functions and made proposals how to strengthen the EFB in its role as an impartial counterpart to the European Commission. Today, these proposals were presented at the ZEW Lunch Debate entitled "Making the Most of the European Fiscal Board" in Brussels. The recently published ZEW policy brief summarises these results.