The Reform of the EU Fiscal Rules - Strengthening Economic Protectionism in the Union

Abstract

The reform of European economic governance has been in the air for quite some time, but it was not until 2023 that the Commission put forward the most substantial development since the Maastricht Treaty. In April 2024, the European Parliament, along with the Council, approved all three legislative proposals. These measures strengthen European economic security by protecting the sustainability of the Union's debt. Without examining the legislations’ details, this blog post reveals a propensity within EU economic governance towards neo-protectionism of the EU’s financial interests.

Keywords

• EU
• EU
• EU fiscal rules
• Economic governance
• Spending conditionality mechanism
• Union budget