Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319753 
Year of Publication: 
2025
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 105 [Issue:] 4 [Year:] 2025 [Pages:] 243-248
Publisher: 
Sciendo, Warsaw
Abstract (Translated): 
Although the new EU fiscal rules improve the macroeconomic logic and differentiation, they offer very little leeway for urgently needed, debt-financed defence spending. However, the EU Commission's proposal to solve this via flexible escape clauses undermines the credibility of the rules. A new reform is necessary: defence spending above 2% of GDP should be exempted for a limited period of time and growth-promoting investments in countries with moderate levels of debt should be facilitated. This is the only way to reconcile security, fiscal stability and regulatory compliance in the long term.
Subjects: 
Militärpolitik
Fiskalregel
EU-Politik
EU-Staaten
JEL: 
H53
H56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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