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Making the EMU - The Politics of Budgetary Surveillance and the Enforcement of Maastricht (Paperback)
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Making the EMU - The Politics of Budgetary Surveillance and the Enforcement of Maastricht (Paperback)
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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.
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