The Politics of the Stability and Growth Pact
by
Martin Heipertz, Amy Verdun
Language: English
Release Date: March 18, 2010
The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact's Excessive Deficit...