The current fiscal rules, dating from the 1992 Maastricht record and the Eurozone's inception, govern how countries manage their financial finances. The key is to have an annual fiscal deficit of 3% of gross domestic product (GDP) and no more than 60% of total government debt. This will help the EU government to spend more during the pandemic. But witht the ongoing Russia-Ukraine crisis, what does this mean for the future of fiscal rules? To understand more on this topic, check the link below for more information
