Stability and Growth Pact | The European Conservative

Belgium in Fiscal Peril: Expect a Winter of Austerity

Sven R. Larson November 7, 2025

In a pattern eerily similar to other EU states, the Belgian government stands and falls with its own inability to balance its finances. The price will be paid by taxpayers.

Hungarian flag left of increasingly larger staples with arrow above them pointing up, on the right, two piles of gold coins, one on the bigger pile is facing viewer and has the Hungarian crest

Hungary’s Strong Economy Eases EU Deficit Concerns

Sven R. Larson June 14, 2025

The EU Commission has decided to terminate its deficit procedures against Budapest. If there is one economy in Europe that does not need EU oversight, it is Hungary.

black and white hand holding a 1 euro coin that is in full color

Bulgaria Has Good Reasons To Say No to the Euro

Sven R. Larson June 4, 2025

Citizens’ needs won’t be a priority once national leaders are beholden to their fiscal overlords in Brussels and Frankfurt.

France: Europe’s Next Fiscal Flashpoint

Sven R. Larson October 1, 2024

Anyone looking for a parody of fiscal policy needs to look no further than France. The French government has been in breach of the EU’s

Euros & Dollars: EU’s Weird Choice of Fiscal Villains

Sven R. Larson June 21, 2024

How did the EU Commission choose what states to target? There is no real reason for Hungary and Malta to be on the same list as France, and for Greece to not be on the list.

EU To Launch Deficit Procedures Against Seven Countries

Zoltán Kottász June 19, 2024

The timing of the decision raises questions in France.

Euros & Dollars: EU Points Fiscal Finger at France

Sven R. Larson June 19, 2024

The EU Commission wants to punish France for fiscal recklessness. But the EU is full of budget violators, so why France—and why now?

Euros & Dollars: EU Puts Italy in Its Fiscal Crosshairs

Sven R. Larson April 9, 2024

The European Commission has plans to go after Italy for its excessive budget deficit. There is no real reason for them to do this, and the timing is very bad.

Euros & Dollars: Two Problems with EU’s New Fiscal Rules

Sven R. Larson January 19, 2024

The EU’s new fiscal rules are supposed to solve the problem with member state budget deficits. But so far, neither the European Parliament nor the European Council has addressed the two biggest problems with their reform efforts.

Europe: Stop Falling Behind!

Sven R. Larson August 3, 2023

Europe’s economy is falling behind America, and the gap is getting big. The reason is obvious, and so is the solution.

Tag: Stability and Growth Pact

Belgium in Fiscal Peril: Expect a Winter of Austerity

Hungary’s Strong Economy Eases EU Deficit Concerns

Bulgaria Has Good Reasons To Say No to the Euro

France: Europe’s Next Fiscal Flashpoint

Euros & Dollars: EU’s Weird Choice of Fiscal Villains

EU To Launch Deficit Procedures Against Seven Countries

Euros & Dollars: EU Points Fiscal Finger at France

Euros & Dollars: EU Puts Italy in Its Fiscal Crosshairs

Euros & Dollars: Two Problems with EU’s New Fiscal Rules

Europe: Stop Falling Behind!

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