BRUSSELS – The fiscal rules of the European Union have undergone some much-needed improvements in recent years, but much more needs to be done. In addition to suffering from a lack of clarity on key issues, EU fiscal policy remains overly focused on short-term goals, reflected in its needless emphasis on nominal deficit targets within annual budget cycles.
布鲁塞尔—欧盟的财政规则在近几年中进行了一些急需的改进，但还需要更多的改进。除了在关键问题上缺少明确性，欧盟财政政策依然过于关注短期目标，比如毫无必要地强调年预算周期内的名义赤字目标。