EU Fiscal Deficit and Sovereign Debt Reform Reignites North-South Divides

MIN READFeb 1, 2023 | 16:02 GMT

The atrium of the European Council headquarters on Feb. 24, 2022, in Brussels.

(Thierry Monasse/Getty Images)

While upcoming negotiations to reform EU fiscal deficit and sovereign debt rules will trigger disputes between Northern and Southern member states, a compromise is likely. The main risk moving forward is that the new rules are too vague, which could contribute to future debt crises....