Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

The Nine Lives of the Stability Pact. A special report of the CEPS Macroeconomic Policy Group. CEPS Paperback. February 2004

Gros, Daniel and Mayer, Thomas and Ubide, Angel (2004) The Nine Lives of the Stability Pact. A special report of the CEPS Macroeconomic Policy Group. CEPS Paperback. February 2004. Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks . UNSPECIFIED. ISBN 9290794720

[img]
Preview
PDF - Published Version
Download (270Kb) | Preview

    Abstract

    This special report by the CEPS Macroeconomic Policy Group (MPG) is concerned with the implementation of the prohibition of excessive deficits contained in the Treaty of Maastricht via the Stability and Growth Pact. Specifically, it deals with the controversy that was provoked by the failure of the ECOFIN Council of 25 November 2003, to endorse recommendations of the European Commission to put France and Germany on notice that they had violated the Treaty’s prohibition of excessive deficits. The CEPS MPG finds that the core of the dispute arises not so much from the Stability Pact, but from the 3% limit set in the Treaty. It asserts that this clause should not be altered, as argued by many observers, and that it is even more appropriate now, than when it was first agreed in 1991, because of the slowdown of potential growth in Europe. The CEPS MPG is composed of distinguished economists who have undertaken to carry out independent, in-depth research on current developments in the European economy.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Book
    Uncontrolled Keywords: Economic Policy.
    Subjects for non-EU documents: EU policies and themes > Treaty reform > Maastricht Treaty
    Countries > France
    Countries > Germany
    EU policies and themes > Policies & related activities > economic and financial affairs > Stability and Growth Pact
    EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 30 Dec 2011 15:53
    Number of Pages: 56
    Last Modified: 30 Dec 2011 15:53
    URI: http://aei.pitt.edu/id/eprint/32579

    Actions (login required)

    View Item

    Document Downloads