摘要：The debate about what, whether and when fi scal rules should be reinstated is of existential relevance for the European Un- ion for at least two main reasons. First, the recovery is, or should be, a public good that governments must take care of (Shapiro, 2019). Previous attempts to privatise the burden of recovery have failed and a quick return to austerity entails serious economic, social, environmental, and probably po- litical risks. Second, the European fi scal framework impacts much more than just the size of the budget defi cit. It infl uenc- es defi ning aspects of the social contract, including universal access to healthcare, pensions, inheritance taxes and social mobility, youth employment and the gender divide.
