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  • 标题:The End of the Stability Pact: Arguments for a New Treaty
  • 本地全文:下载
  • 作者:Paul J.J. Welfens
  • 期刊名称:EIIW Discussion Papers - Diskussionsbeitrag
  • 出版年度:2003
  • 卷号:2003
  • 出版社:Europäisches Institut für Internationale Wirtschaftsbeziehungen, Potsdam
  • 摘要:The Council of Economics and Finance Ministers (ECOFIN) has suspended the excessive deficit procedure against Germany and France. With a deficit above 3% of GDP in 2002 and 2003, both countries have exceeded the maximum deficit GDP ratio allowed under the Stability and Growth Pact. As 2004 also will witness a deficit-GDP ratio above 3%, there is a rather clear requirement to impose sanctions against breaching the critical deficit ratio for more than two years. The OECD has even predicted a deficit-GDP ratio above 3% for Germany in 2005.
  • 关键词:International Economies, Stability and Growth Pact, Maastricht Treaty, European Union, Fiscalpolicy
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