Opinion
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Fiscal policy

Austerity policy is costing us our future

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By Experts

Published: November 7th, 2023,
Last updated: May 28th, 2025

By Carolina Ortega Guttack and Carl Mühlbach
Carolina Ortega Guttack and Carl Mühlbach work for the NGO Fiscal Future.

The structure of fiscal policy and the stability rules form the long-term foundation of our coexistence. On Nov. 9 and 10, the finance ministers of the EU member states will discuss their reform proposal in the Economic and Financial Affairs Council (Ecofin). They could make a forward-looking decision. As representatives of the youth organization Fiscal Future, we are concerned about Germany’s blockade of the reform of the EU framework for economic governance.

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