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Making the EMU

Name: Making the EMU
Brand: Oxford University Press
SKU: 04477597
Price: 78.23 EUR
Availability: InStock
Author: Savage
ISBN: 9780199238699

Savage

Language

English

Book Paperback

Libristo code: 04477597

Publishers Oxford University Press, December 2007

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their f... Full description

Libristo code: 04477597

189 b

78.23 €

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The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a three per cent deficit in Belgium equivalent to one in Italy or France? Making the EMU explores how the Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively determines which member states qualified for member status and are subject to the Pact's sanctions. This book provides the first examination of how the EU entrusted the credibility of these critical budgetary figures to a relatively minor European Commission agency, and what effect the surveillance procedure has on the making of the EMU and the enforcement of Maastricht.