Most new EU member states (NMS) need further fiscal adjustment to support economic growth and macroeconomic stability. In this context, achieving income convergence with other EU members rests more with maintaining productivity growth, attracting foreign savings, and improving investment...

Germany's new coalition government, in place since December 2021, has called for a decade of "investment into the future," an ambitious public investment push, focused on achieving climate neutrality, fostering digitalization, advancing science and education, and improving infrastructure. Yet,...