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Public Money & Management Volume 28, 2008 - Issue 4
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ORIGINAL ARTICLES

The EU's Stability and Growth Pact: Its Credibility and Sustainability

Lisa Fingland Senior resource officer with Renfrewshire Council
&
Stephen J. Bailey Professor of Public Sector Economics, Glasgow Caledonian University
Pages 223-230 | Published online: 15 Mar 2010

References

  • Bailey , S. J. 2004 . Strategic Public Finance , Basingstoke : Palgrave Macmillan .
  • Begg , I. , Hodson , D. and Maher , I. 2003 . Economic policy co-ordination in the European Union . National Institute Economic Review , January
  • Buiter , W. H. 2004 . Two naked emperors? Concerns about the Stability and Growth Pact and second thoughts about central bank independence . Fiscal Studies , 25 ( 3 ) : 249 – 277 .
  • Buiter , W. H. and Grafe , C. 2004 . Patching up the pact. Suggestions for enhancing fiscal sustainability and macroeconomic stability in an enlarged EU . Economics of Transition , 12 ( 1 ) : 67 – 102 .
  • Buti , M. , Franco , D. and Ongena , H. 1998 . Fiscal discipline and flexibility in EMU: the implementation of the stability and growth pact . Oxford Review of Economic Policy , 14 ( 3 ) : 81 – 97 .
  • Council of the EU . 2003 . Stability and Growth Pact: implementation and key figures . http://europa.eu.int
  • Council of the EU . 2594th Economic & Financial Affairs Council meeting . http://europa.eu.int
  • 2003 . Europe: The death of the stability pact; Europe and the euro . Economist , 29 November
  • EC . 2001 . Treaty of Nice Brussels
  • EC . 2003 . Public Finances in EMU 2003 Brussels
  • EC . 2005 . Stability and Growth Pact reform: Commission proposes to amend underlying regulationsPress release . 20 April
  • EU . 2006 . Hungarian budget deficit to be corrected in 2009 under new convergence programmePress release . 26 September
  • Eurostat . 2006a . General Government Gross Debt—Percentage of GDP . seehttp://epp.eurostat.cec.eu.int
  • Eurostat . 2006b . Public Balance- Percentage of GDP .
  • Eurostat . 2006c . Real GDP Growth Rate—Percentage of GDP .
  • Eurostat . 2006d . Total Unemployment Rate .
  • OECD . 2003 . OECD Economic Survey Czech Republic Paris
  • OECD . 2005 . OECD Economic OutlookNo. 78 Paris
  • Savage , J. 2005 . Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht , Oxford : Oxford University Press .
  • Schuknecht , L. 2002 . The Implementation of the Stability and Growth Pact . OECD Journal on Budgeting , 1 ( 3 ) : 81 – 116 .
  • Treasury . 2004 . The Stability and Growth Pact: A Discussion Paper London
  • Wyplosz , C. 2006 . European Monetary Union—The dark sides of a major success . Economic Policy , : 208 – 261 .

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