Photo by CARTIST on Unsplash By Lynn Parramore / Institute for New Economic Thinking Recently, the European Union (EU) finance ministers agreed to reform the bloc’s fiscal rules. The legislative package still has to be approved by both the European Council and the European Parliament by the end of April 2024. Amidst promises to stimulate public investment, foster growth, and create jobs, the new rules set minimum amounts of average deficit and debt reduction that EU countries will have to
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