How to enforce fiscal discipline in emu: a proposal

HIGHLIGHTS

• who: European Economic Monetary Union and collaborators from the (UNIVERSITY) have published the paper: How to Enforce Fiscal Discipline in EMU: A Proposal, in the Journal: (JOURNAL) of 17/06/1997
• what: Using his classification, the authors show that the SGP suffers from two serious weaknesses: a politicized decision-making process and lack of effective instruments to enforce that Member States adjust their fiscal policies if needed (Section 2). The authors propose centrally issued Eurobonds for the full public debt, under the condition that Member States will no longer be allowed to independently raise funds . . .
  

   

  

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