Dr. Dirk Ehnts:

Under the current rules, it would not work. If we changed from 60% to 90% or even to 100%, it would not work. We have countries like Greece. The Greek Government's debt is roughly 205% of GDP. They also need public investment connected to the green deal. That means we have to rethink the rules completely. Many countries now have debt of more than 100% of GDP. It is not possible to go back to those old rules because we did not hit those targets anyway. It we have to choose either to hit fiscal deficit targets or have the green investment we want - and the European Green Deal is a European Commission policy - we should opt for the real-world result rather than an abstract target invented by some low-ranking French bureaucrat. I have nothing against low-ranking French bureaucrats but that number is clearly dysfunctional.