The return of the hawks to Frankfurt and Brussels. But with a “green discount” the Stability Pact is less scary

It was the week of the return of the hawks, after the long truce imposed on Europe by the pandemic. In reality, the Covid tragedy did not pass in vain, even in the capitals of the countries “frugali“. It was not, therefore, a return to noise and drums, but not even on tiptoe. Now that the debate on revision of the Stability Pact in fact, the nostalgics of austerity have started to take off.