Commission vague about fiscal leeway for refugees | EurActiv

According to EurActiv, The European Commission is “firmly committed” to grant all the breathing space allowed by the Stability and Growth Pact to address “unusual events outside the control of the member states” with a major impact on their public finances, a spokesperson said.

Source: Commission vague about fiscal leeway for refugees | EurActiv

This is serious news. According to recent reports Germany will have eye-watering one-off costs associated with the refugeee crisis. So the solution is simple folks, let’s change the ‘economic pact’ that underpins the Euro.

Despite unprecedented unemployment in Southern Europe, Germany has insisted that the fiscal pact be preserved, arguing that austerity is good medicine.

Now Germany’s looking at possibly unpopulat tax rises to pay for the refugees, so why not change the rules of the ‘fiscal fact’?

After all, Germany runs the Eurozone in Germany best interests, so that’s not really a surprise is it?



One response

  1. I take strong issue with the premises behind this Eur Activ article brought to us by Dr Alf.

    There were not “Unusual events beyond the control of member states”; the events were entirely predictable as what happens whenever there is a total war, refugees result and those pushing their luck plus economic migrants join them.

    If country A has a high standard of living, lax or no border controls, then refugees from other countries from B to Z will gravitate towards it, like a magnet, and if no distinction is made between refugees and economic migrants then both will come, just as they are doing.

    Existing financial arrangements need to be changed, not for the benefit of refugees and economic migrants but for the benefit of the people of Europe as a whole, if they are to be changed at all.

    The EU has set in train a series of events that will in a few short years, destroy it unless people say enough.

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