EU, the stability pact will return in 2023

The economic recovery in Europe is underway and, “even if there are variations” between countries, “all member states will return to” pre-pandemic GDP “levels by the end of 2022. Based on the economic forecasts, we confirm the our approach: we will keep activated the general safeguard clause “, which from March 2020 suspends the obligation to respect the rules of the stability pact,” in 2022, but no longer starting from 2023 “. This was stated by the executive vice president of the European Commission Valdis Dombrovskis, at a press conference in Lisbon at the end of the informal Ecofin organized by the Portuguese presidency. “What we see in the national” recovery and resilience plans “is promising”, also because they have a “strong social focus. We are looking into the details”, but it will take some time for the green light because they are “evaluations. complex “stresses Dombrovskis. The Commission has up to two months from the presentation to examine the plans, after which the Council has up to another month to approve them. Economic policies in EU states “should remain in support of the economy. ‘year and next year. And we should avoid a premature withdrawal of economic support measures, “says the executive vice president of the European Commission.