|Author (Person)||Fatás, Antonio|
|Publisher||Centre for Economic Policy Research|
|Series Title||Monitoring European Integration|
|Content Type||Textbook | Monograph|
The fiscal policy framework of EMU is in a state of crisis. Since the start of EMU, fiscal conditions in some member states have slipped considerably beyond the limits set by the Maastricht Treaty and the Stability and Growth Pact. It is clear that the preventive arm of the Stability and Growth Pact has failed to preclude excessive deficits.
|Subject Categories||Economic and Financial Affairs|
|Countries / Regions||Europe|