Sovereign Debt Sustainability and Central Bank Credibility

Coordination for EU Competitiveness

What will it cost the European Union to pay its economic recovery debt?

Servicing the EU debt until 2058 seems feasible, despite increased borrowing costs, but member countries must make choices about budget funding

The EU needs a methodology for including reform impacts in fiscal trajectories

Such a methodology, and a governance mechanism for managing associated risks, must be in place before the new fiscal framework kickstarts in September

Incorporating the impact of social investments and reforms in the European Union’s new fiscal framework

This paper proposes an approach for quantifying the impact of public investments and reforms on debt sustainability