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Making the EMU

Name: Making the EMU
Brand: Oxford University Press
SKU: 04531453
Price: 84.29 EUR
Availability: InStock
Author: James D. Savage
ISBN: 9780199278404

The Politics of Budgetary Surveillance and the Enforcement of Maastricht

James D. Savage

Language

English

Book Hardback

Libristo code: 04531453

Publishers Oxford University Press, December 2004

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

Libristo code: 04531453

206 b

84.29 € VAT included

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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 3 and 60 per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a 3 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 proceudre has on the making of the EMU and the enforcement of Maastricht.