The many facets of European debt sustainability

Gloria Bartoli, professor of public management at the LUISS Guido Carli in Rome, speaks with Taylor Pearce, economist at OMFIF, about debt sustainability and fiscal reform in the European Union. Drawing on her extensive experience in international organisations and the design of international policy and regulatory frameworks, Bartoli provides her view of the debt landscape in Europe and analyses the possibility of returning to a pre-pandemic status quo. The discussion explores how the Next Generation EU fund and Recovery and Resilience Facility – introduced as part of the European Union’s emergency pandemic relief measures – can lay the groundwork for more robust reform of the European fiscal framework, Stability and Growth Pact and debt rules.