for debt sustainability and, second, the reform of the EU fiscal governance framework. In both debates the choice of … rule at the centre of the EU fiscal governance framework would allow reducing the latter's complexity without the need to … revise the EU Treaties. …

allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP … macroeconomic impact of fiscal consolidation over the EDP horizon. For a sample of 24 EU countries to which 48 EDP recommendations …