Reports on European Central Bank See all

Euro area government debt-to-GDP, 2002-2020

Scary EU policies: Broken rules and opportunistic socialism

With the Covid-19 crisis bearing down on eurozone economies, all efforts at maintaining fiscal responsibility have been abandoned. The euro area could adopt new fiscal rules – likely ones that would allow for more profligacy and greater centralization. But the ultra-low interest rates that come with such a strategy could lead to an even deeper crisis.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and Conditions. Feel free to check out our policies anytime for more information.
I agree