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The EU should harness domestic politics, not fines, to bring deficits into line. CEPS Commentaries, 28 October 2010

Bruton, John. (2010) The EU should harness domestic politics, not fines, to bring deficits into line. CEPS Commentaries, 28 October 2010. [Policy Paper]

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    Abstract

    This Commentary identifies several key weaknesses and oversights implicit in the proposals on the table at the October 2010 European Council summit to discipline EU member states whose governments exceed EU deficit or debt limits. As a more effective alternative, the author proposes enlisting the power of opposition parties and the bond markets curb such excesses.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Nov 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:38
    URI: http://aei.pitt.edu/id/eprint/15130

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