The long-lasting post-covid symptom: The case for the EU fiscal rules reform?

The paper investigates compliance with the EU fiscal rules in period 1992-2020. are prescribed as guidelines and represent a typical example of soft law approach. negative impact approach is more visible after periods economic crisis (2008-2009; 2020-2022). non-compliance ceilings on level budgetary deficit public debt create instability various adverse effects. In it shown that existing not adequate for job they were made for. It design enforcement poor, actually European Commission, watchdog, fact toothless dog. goal to present potential reform alternatives aim contribute reestablishment sound framework EU. concluded proposal completely new - Growth-Enhancement Fiscal Policy Switch (GEFPS).