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A7-068-2: Regarding the Creation of a Fiscal Union

The following table describes the status, the proposer and other metadata of this amendment.
Metadata of the amendment
Motion:Regarding the Creation of a Fiscal Union
Proposer:Mirko Ondras (JEF Switzerland)
Status:Screened
Submitted:Today, 09:33

Motion text

Delete from line 68 to 69:

4. Tightened fiscal rules at the national level to ensure long-term sustainability and prevent moral hazard within the shared fiscal framework;

Reason

The current fiscal rules are arguably already too tight, hampering investment and crisis response. Most federations do not limit the borrowing capacity of their member entities as much as the EU does. If the EU has fiscal capacity and increased budgetary capacity, as this resolution is calling for, then the need for fiscal rules at the national level decreases. If anything, we should be calling for the rules to be loosened, not tightened.