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  • 标题:THE NEW MEMBER STATES AND THE STABILITY AND GROWTH PACT: NEEDS FOR ADAPTING IN THE PROSPECT OF EURO AREA MEMBERSHIP?
  • 本地全文:下载
  • 作者:C. Mathieu ; H. Sterdyniak
  • 期刊名称:Economic Assessment of the Euro Area / Euroframe
  • 出版年度:2006
  • 卷号:SPR
  • 出版社:The Economic and Social Research Institute
  • 摘要:The New Member States (NMS) have to comply with the Stability and Growth Pact (SGP) rules: public deficits below 3% of GDP and public debts below 60% of GDP, although they cannot be subject to fines as long as they are not members of the euro area. Most of the NMS currently run higher than 3% of GDP deficits but lower than 60% of GDP debts. The implementation of the surveillance procedures had led 6 of the 12 NMS to be under an excessive deficit procedure (EDP) soon after they joined the EU.
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