Brussels Fiscal Rules Micromanagement Obsolete: Martin (Audio)


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European fiscal rules require a new framework adapted to a changing macroeconomic environment. That's according to Philippe Martin, chair of the French Council of Economic Analysis and professor at Science Po. He argues deficit and debt surveillance should focus on country-specific sustainability rather than uniform targets for all. In that sense, less micromanagement from Brussels, and more national, independent oversight could be beneficial. He speaks in an episode of The Brussels Edition with Bloomberg's Maria Tadeo.