Past Event

Assessing the EU’s fiscal architecture: a presentation by the European Fiscal Board

This event will discuss the 2019 Fiscal Stance, which assesses the current macroeconomic situation and offers advice for the future.

Date: July 2, 2018, 12:00 pm Topic: European Macroeconomics & Governance

VIDEO AND AUDIO RECORDING


Event materials

Presentation by Niels Thygesen

Report: Assessment of the prospective fiscal stance appropriate for the euro area

On Monday 18 Junethe EUROPEAN FISCAL BOARD published its latest report. The report provides an assessment of the macroeconomic situation and outlook in the euro area and offers independent advice on the general orientation of fiscal policy in the single currency area. It also includes a discussion on how to improve the fiscal architecture of the Economic and Monetary Union.

The report concludes that the current economic outlook offers an opportunity to rebuild fiscal buffers. It argues that lest we repeat the mistakes of the past and rob ourselves of room to manoeuvre when the next crisis hits, this is the time to move towards a somewhat restrictive orientation of fiscal policy in the euro area.

The report also suggests that the economic and political feasibility of a meaningful joint stabilisation function will crucially hinge on whether, in parallel, progress is made with risk reduction, notably by making the EU fiscal rules simpler and stronger.

Schedule

Jul 2, 2018

12:00-12:30

Check-in and lunch

12:30-12:50

Presentation

Niels Thygesen, Chairman, European Fiscal Board

12:50-13:15

Comments and discussion

Maria Demertzis, Deputy Director

Niels Thygesen, Chairman, European Fiscal Board

Guntram B. Wolff, Director

13:15-13:30

Q&A

13:30

End

Speakers

Niels Thygesen

Chairman, European Fiscal Board

Guntram B. Wolff

Director

Maria Demertzis

Deputy Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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