The EFB is an independent body mandated to advise the European Commission on the application of EU fiscal rules and the overall direction of fiscal policy.
Joined July 2019
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- Following 85
- Followers 873
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124 Photos and videos
Fiscal rules compliance and sovereign borrowing costs: Some evidence from the euro area
Alicia Cuesta Bartolomé @collegeofeurope, Martin Larch @EFB_EU
ow.ly/Qqqw50Zc9S8
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Jun 10
The EFB today issued its assessment of the appropriate fiscal stance for the euro area in 2027: commission.europa.eu/documen… It recommends that Members States follow their medium term expenditure plans. Energy measures should be financed by compensating interventions.
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European Fiscal Board retweeted
📡 Esta herramienta del @EFB_EU puede ser muy útil en clases y para medios y políticos.
👉Mide cómo de precisas son las previsiones de algunas variables macro y fiscales en los países de la UE
👉A partir de ahí, comparativas y tamaños de los sesgos👇
commission.europa.eu/europea…
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Some chickens are coming home to roost: EU fiscal policies in 2025
Martin Larch @EFB_EU
ow.ly/vBOp50Z03js
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European Fiscal Board retweeted
2024 reform of EU Stability & Growth Pact introduced medium-term expenditure paths as centrepiece of new country-specific surveillance framework; timely & even-handed enforcement is essential for the rules to earn the credibility they need, @EFB_EU @voxeu cepr.org/voxeu/columns/eus-n…
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Jun 6
📣📣📣 our COMPLIANCE TRACKER has been updated: commission.europa.eu/europea… It now includes 2025 and reflects the changes introduced with the 2024 reform of the EU fiscal framework.
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May 12
Our extended and updated Forecast Tracker is out commission.europa.eu/europea… It is a one-stop-tool for all researchers and interested parties who want to assess a key element of fiscal policymaking in the EU: official macroeconomic and fiscal projections.
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Apr 8
The EFB’s latest report takes stock of whether and how Member States are on track to strengthen national independent fiscal institutions (IFIs): commission.europa.eu/documen… Conclusion: work in progress and still some way to go.
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Mar 22
A new VoxEU.org column with the EFB chair, Pieter Hasekamp, reviews the implementation of the new EU fiscal rules: cepr.org/voxeu/columns/eus-n…
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Mar 7
Just published: a new report by the European Fiscal Board commission.europa.eu/publica… Under the new EU Fiscal Framework, the EFB will publish its analysis and policy advice more frequently during the course of the year:
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Feb 17
A new piece with Prof. Eckhard Janeba, member of the EFB, in @Zeitschrift_WD offers an assessment of the rollout of the new EU fiscal rules: wirtschaftsdienst.eu/inhalt/…
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Trailing with a margin: Official macro forecasts in EU fiscal surveillance
Martin Larch @EFB_EU, Antonino Barbera Mazzola @EU_Commission
ow.ly/lZBi50XB8xt
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8 Dec 2025
A new VoxEU article promotes the first extension of our Forecast Tracker: cepr.org/voxeu/columns/trail…
The Forecast Tracker is available here: commission.europa.eu/europea…
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1 Dec 2025
Important update on the 2025 EFB annual conference: papers and presentations are now available on our website, including the keynote speech by Commissioner Valdis Dombrovskis. Check them out!
commission.europa.eu/europea…
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14 Nov 2025
The 7thannual conference of the EFB took place today. It was kicked off with a keynote speech by Commissioner Valdis Dombrovskis. Leading economists and experts explored the implications of national escape clauses in the EU’s new fiscal framework:
🔸commission.europa.eu/documen…
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14 Nov 2025
On 13 November the EFB’s 2025 annual report was on the agenda of the ECOFIN council. @PieterHasekamp, the EFB chair, presented key findings and recommendations to ministers.
🔶commission.europa.eu/publica…
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European Fiscal Board retweeted
14 Nov 2025
Pleased to speak at today’s @EFB_EU annual conference.
Despite the challenges we face, our commitment to fiscal sustainability must remain unwavering.
It remains the basis for a strong and sustainable European economy.
Read my remarks ▶️ link.europa.eu/MgTWTH
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22 Oct 2025
On 22 October, the European Fiscal Board (EFB) published its ninth Annual Report (2025).
👉 It is now available on the EFB website:
commission.europa.eu/publica…
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17 Oct 2025
Yesterday, Pieter Hasekamp, the EFB Chair, presented the 2025 Annual Report to the College of Commissioners. The report will be out soon. Stay tuned.
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24 Sep 2025
Today, Pieter Hasekamp, the EFB Chair, was at the annual ECB conference with fiscal councils to discuss how to balance fiscal sustainability with growing spending pressures.
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