The portal, greencentralbanking.com reported that a group composed of academic and civil society have been publishing a manifesto to rewrite the EU fiscal rules.
- They are demanding that the EU rewrite their fiscal policy to be able to adequately address climate change
- According to the portal, the group argues that the prevailing fiscal rules impede the EU from taking required action to adapt to and mitigate climate change
- Instead, the group demands that member states should focus more on debt sustainability
- Furthermore, they want that the fiscal rules address a potential risk from underinvestment in climate change mitigation
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