Workshop “The Stability and Growth Pact: Obstinate or Obsolete?”
30 May 2022 @ 16:00 - 19:00
- Past event
Workshop “The Stability and Growth Pact: Obstinate or Obsolete?”
Organized by Fondazione Collegio Carlo Alberto and the Department of Law, University of Turin
Venue: CAMPUS LUIGI EINAUDI – SALA LAUREE BLU, Lungo Dora Siena 100, Torino
THE SEMINAR WILL ALSO BE LIVE STREAMED ON WEBEX
The Stability and Growth Pact (SGP) is a set of rules designed to ensure that countries in the EU pursue sound public finances and coordinate their fiscal policies. The SGP has been subjected to strong criticisms over the years for being either too strict or too loose.
In February 2020, the European Commission launched a review of the SGP in an attempt to address its shortcomings, but a month later it decided to activate the general escape clause in response to the outbreak of the COVID-19 pandemic, leading to the de facto suspension of the budgetary requirements. However, there is widespread consensus that such rules cannot simply be reactivated in the current, but they need to be reformed or even re-imagined. Yet this is easier said than done: indeed, despite being the object of an intense debate both in the academia and in the EU institutions, it is far from clear where this process will end up.
The workshop will critically engage with some of the proposed reforms by drawing together the Chair of the Committee on Economic and Monetary Affairs of the European Parliament and one of the co-authors of a recent report on the matter commissioned by the European Economic and Social Committee together with other academic experts.
PROGRAM:
Annamaria Viterbo (University of Turin and Fondazione Collegio Carlo Alberto) – Chair
Matthias Goldmann (EBS University) – Introductory remarks
Irene Tinagli (Chair of the Committee on Economic and Monetary Affairs of the European Parliament) – “The Review of the Growth and Stability Pact between New Economic Realities and Old Political taboos”
René Repasi (Erasmus University Rotterdam and European Parliament) – “Space for Reforming Fiscal Rules without Treaty Change”
Francesco Costamagna (University of Turin and Fondazione Collegio Carlo Alberto – Concluding remarks