{"id":4966,"date":"2024-04-10T11:47:23","date_gmt":"2024-04-10T09:47:23","guid":{"rendered":"https:\/\/www.uni-europa.org\/?post_type=news&#038;p=4966"},"modified":"2024-04-10T11:47:23","modified_gmt":"2024-04-10T09:47:23","slug":"etuc-study-fiscal-rules-stop-new-schools-and-hospitals","status":"publish","type":"news","link":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/","title":{"rendered":"ETUC study: Fiscal rules stop new schools and hospitals\u202f"},"content":{"rendered":"<p>The majority of EU member states will not be able to meet their targets for investment in schools, hospitals and housing under plans for new economic governance rules,\u00a0<a href=\"https:\/\/www.etuc.org\/en\/publication\/navigating-constraints-progress-examining-impact-eu-fiscal-rules-social-and-green\">a study<\/a> for the European Trade Union Confederation (ETUC) has found.\u00a0<\/p>\n<p>The European Commission\u2019s own figures show investment in Europe\u2019s social infrastructure is already <a href=\"https:\/\/eur01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Feur-lex.europa.eu%2Flegal-content%2FEN%2FTXT%2FPDF%2F%3Furi%3DCELEX%3A52020SC0098&amp;data=05%7C02%7Cljames%40etuc.org%7C2961f74e077c4ec973cc08dc533fed56%7C7a57d45075f34a4da90dac04a367b91a%7C0%7C0%7C638476781253475197%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=zI5Jh8e9XzilyWdqkaw99UJsf0PnjvJR2E8MI7HQ7tM%3D&amp;reserved=0\">\u20ac192 billion<\/a> a year less than required to meet the needs of citizens.\u202f\u00a0<\/p>\n<p><img decoding=\"async\" class=\"wp-image-4967 alignright\" src=\"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B-1024x1024.jpg\" alt=\"\" width=\"450\" height=\"450\" srcset=\"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B-1024x1024.jpg 1024w, https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B-300x300.jpg 300w, https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B-150x150.jpg 150w, https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B-768x768.jpg 768w, https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/GKvIZfQXYAA7s0B.jpg 1080w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/p>\n<p>Investment needs to be raised annually by \u20ac120bn in health, \u20ac57bn in affordable housing and \u20ac15bn in education.\u202f<\/p>\n<p><strong>But a report for the ETUC by the New Economics Foundation has found that the proposed fiscal rules, which would impose arbitrary limits on debt and deficit from 2027, would mean that:\u202f\u202f <\/strong><\/p>\n<ul>\n<li>18 member states including Germany, France, Italy, Spain and Poland could not make the investments needed to bridge that gap (table 1);<\/li>\n<li>When green investment needs are taken into account, just three member states would be left with the fiscal capacity to meet the EU\u2019s own investment targets (table 2);<\/li>\n<li>Even if the EU\u2019s Recovery and Resilience Fund (RRF) was extended, only five countries would be able to meet their social and green investment targets.<\/li>\n<\/ul>\n<p>The findings of the report show how counterproductive the proposed fiscal rules would be to the EU\u2019s social and climate goals at a time when the Commission\u2019s <a href=\"https:\/\/eur01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fec.europa.eu%2Fcommission%2Fpresscorner%2Fdetail%2Fen%2FIP_24_1515&amp;data=05%7C02%7Cljames%40etuc.org%7C2961f74e077c4ec973cc08dc533fed56%7C7a57d45075f34a4da90dac04a367b91a%7C0%7C0%7C638476781253489770%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=hzRdEZp8kvKeBZzb%2BmAuSM2eOee6OAr7pl2obAa4oQo%3D&amp;reserved=0\">own polling<\/a>\u00a0shows these are the priorities of citizens.\u202f<\/p>\n<p>Instead of investing, member states would be forced to make cuts worth over <a href=\"https:\/\/eur01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.etuc.org%2Fen%2Fpressrelease%2F100bn-cuts-next-year-under-council-austerity-plan&amp;data=05%7C02%7Cljames%40etuc.org%7C2961f74e077c4ec973cc08dc533fed56%7C7a57d45075f34a4da90dac04a367b91a%7C0%7C0%7C638476781253497607%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=7qiu1BNrpe8N%2B3U4zFsiVVR94ztOj0F5QFJXaiQzgwY%3D&amp;reserved=0\">100 billion Euro<\/a> in the first year of the implementation of the new fiscal rules.\u202f\u202f<\/p>\n<p>The ETUC is raising the alarm ahead of the final vote on the new fiscal rules in the European Parliament on 22 April 2024.\u202f<\/p>\n<p>The research further shows that an investment mechanism would need to be over three times larger than the RRF to stand a chance of mitigating for the damage of the new fiscal rules. As such, the need for an investment mechanism is clear but it can only deliver if the proposed fiscal rules are not applied.\u00a0<\/p>\n<p><strong>ETUC General Secretary Esther Lynch said:<\/strong> \u201cEurope needs economic rules that put the needs of working people and the future of the planet first. The EU\u2019s own polling consistently shows these are the priorities of European citizens and acting in complete contradiction to them just months from the elections is a recipe for disaster.\u202f\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of EU member states will not be able to meet their targets for investment in schools, hospitals and housing under plans for new economic governance rules,\u00a0a study for the European Trade Union Confederation (ETUC) has found.\u00a0 The European Commission\u2019s own figures show investment in Europe\u2019s social infrastructure is already \u20ac192 billion a year<\/p>\n","protected":false},"author":39,"featured_media":4968,"comment_status":"open","ping_status":"closed","template":"","categories":[69],"topics":[74],"sectors":[],"projects":[],"cross-sector-groups":[],"workers-rights":[],"global-issues":[],"regions":[98],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa<\/title>\n<meta name=\"description\" content=\"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa\" \/>\n<meta property=\"og:description\" content=\"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/\" \/>\n<meta property=\"og:site_name\" content=\"UNI Europa\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/Stop-austerity.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1130\" \/>\n\t<meta property=\"og:image:height\" content=\"594\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/\",\"url\":\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/\",\"name\":\"ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni-europa.org\/#website\"},\"datePublished\":\"2024-04-10T09:47:23+00:00\",\"dateModified\":\"2024-04-10T09:47:23+00:00\",\"description\":\"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni-europa.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.uni-europa.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"ETUC study: Fiscal rules stop new schools and hospitals\u202f\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni-europa.org\/#website\",\"url\":\"https:\/\/www.uni-europa.org\/\",\"name\":\"UNI Europa\",\"description\":\"Just another Uni Global Union Sites site\",\"publisher\":{\"@id\":\"https:\/\/www.uni-europa.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni-europa.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni-europa.org\/#organization\",\"name\":\"UNI Europa\",\"url\":\"https:\/\/www.uni-europa.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.uni-europa.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2021\/11\/Uni-Global-Europa-Logo-LANDSCAPE-CMYK.jpg\",\"contentUrl\":\"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2021\/11\/Uni-Global-Europa-Logo-LANDSCAPE-CMYK.jpg\",\"width\":1279,\"height\":1293,\"caption\":\"UNI Europa\"},\"image\":{\"@id\":\"https:\/\/www.uni-europa.org\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa","description":"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/","og_locale":"en_GB","og_type":"article","og_title":"ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa","og_description":"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f","og_url":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/","og_site_name":"UNI Europa","og_image":[{"width":1130,"height":594,"url":"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2024\/04\/Stop-austerity.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/","url":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/","name":"ETUC study: Fiscal rules stop new schools and hospitals\u202f - UNI Europa","isPartOf":{"@id":"https:\/\/www.uni-europa.org\/#website"},"datePublished":"2024-04-10T09:47:23+00:00","dateModified":"2024-04-10T09:47:23+00:00","description":"Instead of investing, member states would be forced to make cuts worth over 100 billion Euro in the first year of the implementation of the new fiscal rules.\u202f","breadcrumb":{"@id":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni-europa.org\/news\/etuc-study-fiscal-rules-stop-new-schools-and-hospitals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni-europa.org\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.uni-europa.org\/news\/"},{"@type":"ListItem","position":3,"name":"ETUC study: Fiscal rules stop new schools and hospitals\u202f"}]},{"@type":"WebSite","@id":"https:\/\/www.uni-europa.org\/#website","url":"https:\/\/www.uni-europa.org\/","name":"UNI Europa","description":"Just another Uni Global Union Sites site","publisher":{"@id":"https:\/\/www.uni-europa.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni-europa.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.uni-europa.org\/#organization","name":"UNI Europa","url":"https:\/\/www.uni-europa.org\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.uni-europa.org\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2021\/11\/Uni-Global-Europa-Logo-LANDSCAPE-CMYK.jpg","contentUrl":"https:\/\/www.uni-europa.org\/wp-content\/uploads\/sites\/3\/2021\/11\/Uni-Global-Europa-Logo-LANDSCAPE-CMYK.jpg","width":1279,"height":1293,"caption":"UNI Europa"},"image":{"@id":"https:\/\/www.uni-europa.org\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/news\/4966"}],"collection":[{"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/comments?post=4966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/media\/4968"}],"wp:attachment":[{"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/media?parent=4966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/categories?post=4966"},{"taxonomy":"topics","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/topics?post=4966"},{"taxonomy":"sectors","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/sectors?post=4966"},{"taxonomy":"projects","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/projects?post=4966"},{"taxonomy":"cross-sector-groups","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/cross-sector-groups?post=4966"},{"taxonomy":"workers-rights","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/workers-rights?post=4966"},{"taxonomy":"global-issues","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/global-issues?post=4966"},{"taxonomy":"regions","embeddable":true,"href":"https:\/\/www.uni-europa.org\/wp-json\/wp\/v2\/regions?post=4966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}