S&Ds lead majority to oppose right wing’s efforts to legalise austerity in the EU
Mardi 27 novembre 2018
Communiqué de presse du groupe S&D
Today, S&D Euro MPs rejected a conservative proposal aiming at transposing blind austerity and strict fiscal rules – the so-called Fiscal Compact – into the EU treaties during a vote in the economic and monetary affairs committee. The S&Ds dismissed false arguments from the European Peoples Party (EPP) on the community method and called for a revision of the Fiscal Compact rules in favour of socioeconomic upward convergence.
The Fiscal Compact imposes stricter fiscal discipline on the member states of the euro area according to which national budgets must be in balance or in surplus. Should governments deviate from the set budgetary objectives, automatic sanctions would be triggered.