A Good Quality Finance Rule

6 February 2004

One the eve of the crucial Lisbon Agenda review at the EU Spring Council meeting, Pier Carlo Padoan and Maria João Rodrigues, argue that  the Stability and Growth Pact and the Lisbon reform strategy need to take greater account of each other, because the relationship between fiscal discipline and growth is so important.  The SGP should be reformed so as to encourage the investment needed to strengthen economic growth. The Pact and the Lisbon Process should become mutually reinforcing pillars of the European economic strategy and EU Member States now need to consider how to achieve such a "virtuous interaction."

A "Good Quality Finance Rule"