Eurodad, as part of a coalition of civl society organisations, think tanks, trade unions and academics are calling this week on the European Council to reject unnecessary fiscal consolidation, and instead lend their support to the creation of a post-2026 long-term green and social investment fund.

The letter, sent to all Members, highlights our concerns about the return of overly restrictive fiscal policy, which could exacerbate the economic, environmental and social woes already felt by many across EU Member States. In its place, the letter calls upon Council Members to enshrine five key policies at the core of the EU's next strategic agenda, namely:

• Design economic governance fit for the challenges of the next decade
• Establish a long-term EU just transformation fund post-2026 
• New progressive taxes
• Public subsidies to companies should be targeted and conditional
• A progressive social agenda

Download the full letter here