ENGLISH

The Stability and Growth Pact Experience and Lessons to be Learnt for Europe and the World

By Exenberger A.

Book information

Language
english
Format
PDF
Filesize
173 kB (177603 bytes)
Pages
\21
Topic
Economy
Library
twirpx
Time added
2017-08-07 07:01:42
Финансово-экономические дисциплины;Мировая экономи

Description

Working Paper 04/05 Version of November 2004 (draft)Abstract: From 2002 on, the Euro has become the common currency of twelve member countries of the European Union (EU). To ensure the functioning of this European Monetary Union (EMU), its member countries agreed on the Stability and Growth Pact (SGP). This institution should guarantee members’ economic homogeneity before the introduction of the currency and internal stability of the Euro-zone afterwards. Its economic sense and nonsense has been discussed during the 1990s as well as recently, especially because countries violating the SGP used their political power within the EU-system for saving themselves from any sanctions

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