Reform of EU Fiscal Framework

Important investments are needed to decarbonise Europe’s economy and keep global temperature rise below 1.5°C . The EU economic governance framework was designed 30 years ago and is outdated to meet today’s societal challenges.

There is an urgent need to transform our economies and societies to address the climate, environmental and social justice challenges. The EU economic governance framework, and the Stability and Growth Pact in particular, need a deep reform in order to be aligned with the objectives of the European Green Deal and the Paris Agreement.

Read CAN Europe position on the need to reform the EU fiscal system

Other resources:

• 25/03/2024 Statement | Fiscal Follies: How new EU rules miss the mark on climate and prosperity

• 09/11/2023 Opinion Editorial | The imperative of reforming EU economic governance

• 16/06/2023 Report | FROM MAASTRICHT TO PARIS: Why climate change should be considered in a reformed EU fiscal framework

• 07/06/2023 Letter | Letter: A climate perspective on the European Commission’s proposals to reform the EU economic governance framework

• 01/08/2023 Opinion Editorial | Climate crisis calls for U-turn in EU’s economic governance EN / FR

• 15/03/2022 Statement | Manifesto for a green, just and democratic European economy