We are deeply concerned about the return of overly restrictive fiscal policy. The final compromise
on the reform of the EU economic governance due to be voted on by the European Parliament
and the Council is multiplying unsubstantiated and arbitrary numerical benchmarks, which will
trigger a wave of cuts to public budgets across Europe. Several countries, such as Germany,
France and Denmark, have already cut or are planning to cut green investment and social
spending for 2024 and 2025.
We are calling upon you to ensure the following policies are at the core of the next strategic
agenda of the European Union:
● Design economic governance fit for the challenges of the next decade
● Establish a long-term EU just transformation fund post-2026
● New progressive taxes
● Public subsidies to companies should be targeted and conditional
● A progressive social agenda
