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Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

James D. Savage




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 | #4507896 in eBooks |  2008-02-03 |  2005-04-01 | File type: PDF

|| |"Savage's careful account of the politics of budgetary surveillance is a must-read for anyone who wants to gain a deeper understanding of how the EU works and the impact of EMU on budgetary practices in the member states"--Perspectives on Politics|"The unique

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of 3 and 60 per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a 3 per cent deficit in Belgium equivalent to one in Italy or France? Making the EMU explores how the Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively det...

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