11.10.2021 Document

ETUC resolution on the European Union public debt issue and the fiscal rules

ETUC resolution on the European Union public debt issue and the fiscal rules Adopted at the virtual Executive Committee Meeting of 5-6 October 2021 Executive summary and proposals The massive impact of the Covid-19 pandemic and the attempts to mitigate its social and economic effects, enabled thanks to the activation of the general escape clause of the Stability and Growth Pact, have led to significant increases in government deficits and debt levels, as well as debt to GDP ratios in many Member States.