June 13, 2021

The reform of the Eurozone


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Probably in 2023, the EU reinstate the Stability and Growth Pact that limits deficit and government debt, but it may not be the same agreement that we have known. The discussion about its reform is now open. And regardless of whether the canonical numbers (3% annual deficit and 60% of GDP debt) should remain the same, there are new mechanisms that should be considered after what has been learned from the financial crisis and the pandemic. This is, in my opinion, the most innovative message he left the governor of the Bank of Spain, Pablo Hernández de Cos, in the dialogue held in the Leadership Classroom organized by the Francisco de Vitoria University and

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