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Making and Breaking the Rules: French policy on EU ‘gouvernement économique’ and the Stability and Growth Pact

Howarth, David J. (2007) Making and Breaking the Rules: French policy on EU ‘gouvernement économique’ and the Stability and Growth Pact. In: UNSPECIFIED, Montreal, Canada. (Unpublished)

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    Abstract

    French policy-makers have been caught in a dilemma with regard to the construction of the Economic governance (EG) dimension of EMU between two strong but contradictory preferences: on the one hand the supranational consequences of a dirigiste approach to macro-economic policy and, on the other hand, a Gaullist reflex to retain sovereignty as much as possible and to insist upon intergovernmentalism in EU-level macroeconomic policy-making. Since the late 1980s, French governments have promoted the construction of EG in ways which can be seen in terms of these contradictory preferences, while challenging the official Treaty-based ‘price stability’ goals of EG. The Raffarin Government supported the March 2005 reform of the Stability and Growth Pact (Stability Pact, SP) because it rendered the Pact more flexible allowing greater margin of manoeuvre in the development and implementation of the Broad Economic Policy Guidelines (BEPG) and the application of the Excessive Deficit Procedure (EDP). EG has thus involved less ‘top-down’ Europeanization and ‘transformation’ of French policy than ‘bottom-up’ Europeanization, ‘accommodation’ and ‘absorption’.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: Economic Governance; Stability and Growth Pact.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Countries > France
    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 > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 30 Jun 2008
    Page Range: p. 28
    Last Modified: 15 Feb 2011 17:50
    URI: http://aei.pitt.edu/id/eprint/7909

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