The implementation of the stability and growth pact
Taking stock of the first four years
Bibliographic Data
| ID | 12048152 |
|---|---|
| Authors | Horst Feldmann (0000-0002-9402-3996, University of Tübingen, corresponding author) |
| Year | 2003 |
| Volume | 25 |
| Issue | 4 |
| Pages | 287-309 |
| Publication date | 2003-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of European Integration (JOURNAL) |
| Journal identifiers | ISSN: 0703-6337 • E-ISSN: 1477-2280 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/0703633032000163166 |
| OpenAlex | W2016808469 |
| Language | EN |
| Citations received | 5 |
Portugal, Germany and France have significantly exceeded the 3 per cent ceiling for government deficits, a central requirement of the European Stability Pact. Italy has come very close to doing so. All four countries are far from achieving medium–term budgetary positions that are close to balance or in surplus, the Pact's main goal. This article analyses what caused this development and asks whether there are any reasons to justify it. Furthermore, it briefly analyses whether those countries that have consistently consolidated their public budgets were forced to accept a lower rate of economic growth, or whether they had to cut back massively on public investment
Balance (ability · Economic policy · Economics · European union · Geography · International economics · Member states · Pact · Political science · Public investment · Stability and Growth Pact · Stock (firearms · Fiscal Policies and Political Economy · Law · Regional Development and Policy
| Citations per year | 0.24 |
|---|---|
| Citation span | 2005 - 2012 (8) |
| Highly cited | No |