As a result of the “Franco-German workshop on investments needs & Stability Growth pact” (28 October 2021), organised in the framework of the LIFE Unify project, French and German NGOs have published a joint declaration on the Reform of EU Fiscal Rules.

In the document, the NGOs call for a reform of the Stability and Growth Pact to finance the Fit for 55 package and the European Green Deal as a whole and to strengthen the ambition of climate and biodiversity policy, while ensuring the financial sustainability of national budgets.

Member States have to be able to invest as much as needed in the transition, without having to cut other public spending. As a counterpart, Member States have to phase-out environmentally harmful spendings as quickly as possible and ensure climate and environmental integrity of their national budgets.

Download the join declaration HERE