Academics publish manifesto to rewrite EU fiscal rules

The portal, reported that a group composed of academic and civil society have been publishing a manifesto to rewrite the EU fiscal rules. 

  • They are demanding that the EU rewrite their fiscal policy to be able to adequately address climate change 
  • According to the portal, the group argues that the prevailing fiscal rules impede the EU from taking required action to adapt to and mitigate climate change 
  • Instead, the group demands that member states should focus more on debt sustainability 
  • Furthermore, they want that the fiscal rules address a potential risk from underinvestment in climate change mitigation 

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