ContextPress remarks in Budapest after an informal meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency and prepares national budget plans.
Why it mattersMinisters begin applying the reformed fiscal rules through multi-year national plans.
Problems raised
Debt must be put on a sustainable path.
Budget coordination rules have changed.
Reforms and investment are needed for growth.
Solutions proposed
Submit medium-term fiscal-structural plans.
Set budget targets linked to reforms and investment.
Coordinate budget plans under the new governance framework.
