This paper reviews the main arguments underpinning the reform of the EU’s fiscalframework, which has culminated in the adoption by the EU legislators of a revisedset of rules for the European economic governance including the Stability andGrowth Pact (SGP). It takes a chronological approach by first discussing theCommission’s legislative proposals of April 2023 against the pre-reform set of fiscalrules, before assessing the final political agreement which has materialised in therevised
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