Emmanuel Macron and Mario Draghi want to reform the Maastricht Treaty

Will the European budgetary rules intended to limit deficits be reformed soon? In any case, this is the wish of Emmanuel Macron and Mario Draghi who co-signed a column in the Financial Times, published Thursday, December 23, 2021. “We are talking about the different criteria that apply to the financial management of euro member countries“, explains Naoufel El Khaouafi, franceinfo journalist. Among these modalities which flesh out the Maastricht Treaty, two are controversial.”The first is that a member country must not have a deficit greater than 3% of GDP, the second is that of the public debt which must be less than 60% of GDP.“, lists the journalist on stage. Problem: these different rates are respected unequally by the different Member States, especially since the start of the Covid-19 pandemic.

In this same forum, the French president and his Italian counterpart say they wish “have greater room for maneuver and be able to carry out the key expenditures necessary for our future and our sovereignty“, reports Naoufel El Khaouafi. The reform of these criteria of the Maastricht Treaty will therefore be one of the priorities of the European Union in the coming weeks. Emmanuel Macron should follow the file even more closely while France is set to take the helm of the rotating EU presidency in January 2022.