14 min listen
S5 Ep10: Director’s Cut: How does Italy’s budget fit with EU fiscal rules?
S5 Ep10: Director’s Cut: How does Italy’s budget fit with EU fiscal rules?
ratings:
Length:
24 minutes
Released:
Oct 9, 2018
Format:
Podcast episode
Description
**In this Director’s Cut of ‘The Sound of Economics’, Guntram Wolff welcomes Bruegel research fellow Grégory Claeys to assess how the new Italian budget proposals measure up against the existing EU fiscal rules.**
Italy’s new budget proposals, together with projected deficit levels for the coming years, have put the EU as well as bond-market investors on alert.
In the context of Italy’s already-high ratio of public debt to GDP, the coalition government’s plan to increase the budget deficit has prompted concerns that the country risks running afoul of the EU’s fiscal framework.
What are the means by which the EU can monitor and, if need be, administer sanctions on Italy, in the event of any contravention of its fiscal rules? Bruegel director Guntram Wolff takes this opportunity to discuss all the options facing the European Commission and Council, as well as the specific details of the Italian case and the forecasts underpinning the budget’s figures, with Bruegel research fellow Grégory Claeys.
For further reading, we recommend our full break-down of the [EU’s options for response to Italy’s fiscal plans,](http://bruegel.org/2018/10/italys-new-fiscal-plans-the-options-of-the-european-commission/) written by Grégory Claeys and Antoine Mathieu Collin.
You can also hear more on [Italy’s economic and political outlook](http://bruegel.org/2018/07/italys-economic-and-political-outlook/) in another of our podcasts, featuring Bruegel affiliate fellow Silvia Merler in discussion with Marcello Minenna, PhD lecturer at the London Graduate School and head of quants at Consob, and Lorenzo Codogno, visiting professor at the London School of Economics and Political Science.
Italy’s new budget proposals, together with projected deficit levels for the coming years, have put the EU as well as bond-market investors on alert.
In the context of Italy’s already-high ratio of public debt to GDP, the coalition government’s plan to increase the budget deficit has prompted concerns that the country risks running afoul of the EU’s fiscal framework.
What are the means by which the EU can monitor and, if need be, administer sanctions on Italy, in the event of any contravention of its fiscal rules? Bruegel director Guntram Wolff takes this opportunity to discuss all the options facing the European Commission and Council, as well as the specific details of the Italian case and the forecasts underpinning the budget’s figures, with Bruegel research fellow Grégory Claeys.
For further reading, we recommend our full break-down of the [EU’s options for response to Italy’s fiscal plans,](http://bruegel.org/2018/10/italys-new-fiscal-plans-the-options-of-the-european-commission/) written by Grégory Claeys and Antoine Mathieu Collin.
You can also hear more on [Italy’s economic and political outlook](http://bruegel.org/2018/07/italys-economic-and-political-outlook/) in another of our podcasts, featuring Bruegel affiliate fellow Silvia Merler in discussion with Marcello Minenna, PhD lecturer at the London Graduate School and head of quants at Consob, and Lorenzo Codogno, visiting professor at the London School of Economics and Political Science.
Released:
Oct 9, 2018
Format:
Podcast episode
Titles in the series (100)
Opportunities and challenges for EU-China trade relations: In this episode of The Sound of Economics, we focus on trade relations between the EU and China. We asked Alicia Garcia Herrero, Senior Fellow at Bruegel, where relations between China and the EU stand at the moment, and why their trade relations are ... by The Sound of Economics