scholarly journals How the Maastricht criteria and the Stability and Growth Pact affected real convergence in the European Union

2005 ◽  
Vol 27 (3) ◽  
pp. 385-399 ◽  
Author(s):  
Elias Soukiazis ◽  
Vítor Castro
Keyword(s):  
European Union ◽  
Stability And Growth Pact ◽  
The European Union ◽  
Growth Pact ◽  
Real Convergence ◽  
Maastricht Criteria ◽  
The Stability

THE EUROPEAN UNION AND ITALY RELATIONS IN THE CONTEXT OF SUPRANATIONAL FISCAL REGULATION

2021 ◽  
pp. 208-221
Author(s):  
Dmitrii О. Mikhalev ◽  
◽  
Egor’ A. Sergeev ◽  
Keyword(s):  
European Union ◽  
Budget Deficit ◽  
Stability And Growth Pact ◽  
The European Union ◽  
Internal Factors ◽  
Growth Pact ◽  
Discretionary Fiscal Policy ◽  
The Government ◽  
The Stability ◽  
The Eu

The article presents a retrospective analysis of relations between the government of Italy and the European Union institutions in the context of supranational fiscal regulation in 2002–2019. The authors analyze the influence of external and internal factors on the state of public finance in Italy, note the reasons that made it difficult to meet the requirements of the Stability and Growth Pact, study the main issues on the agenda in the EU-Italy relations and their evolution. The authors also come to conclusion that unlike the earlier discussions about correcting budget deficit in Italy, current focus of supranational fiscal governance is shifted to preventing it, what challenges the economic sovereignty of Italy and country’s opportunities to conduct a discretionary fiscal policy.

Explaining deviations from the Stability and Growth Pact: power, ideology, economic need or diffusion?

2015 ◽  
Vol 35 (3) ◽  
pp. 477-504 ◽  
Author(s):  
Michael A. Hansen
Keyword(s):  
European Union ◽  
Large Impact ◽  
Stability And Growth Pact ◽  
Relative Power ◽  
The European Union ◽  
European Union Law ◽  
Growth Pact ◽  
The Stability ◽  
Economic Need

AbstractWhy do some countries deviate from European Union law? More specifically, why do countries violate the Stability and Growth Pact, which is a cornerstone piece of legislation for the shared economy? Is it that violators simply have no other choice due to economic need? Are the violators intentional deviators that are simply able to violate the Stability and Growth Pact because of their power in the European Union? This article answers these questions and identifies those factors that are most likely to impact a country’s deviation from the two main clauses of the Stability and Growth Pact. The major finding is that it is economic need, not a country’s relative power, governing ideology or diffusion, that has a large impact on which clause will be violated.

Economic Policy Coordination in the European Union

2003 ◽  
Vol 183 ◽  
pp. 66-77 ◽  
Author(s):  
Iain Begg ◽  
Dermot Hodson ◽  
Imelda Maher
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Policy Coordination ◽  
Stability And Growth Pact ◽  
The European Union ◽  
Growth Pact ◽  
The Eu ◽  
Formal Rules

There are differing views about the need for economic policy coordination in the EU and about the adequacy of the system that has evolved under EMU. This article examines the case for such policy coordination, then describes and assesses the current arrangements for both ‘hard’ coordination — epitomised by the much-maligned Stability and Growth Pact (SGP) — and the ‘soft’ forms of coordination that have evolved in the EU to complement formal rules. Although the system achieves more than is sometimes recognised, it is shown to have weaknesses. Options for reforming the SGP and other facets of the system are discussed.

scholarly journals Budget Planning in the Republic of Lithuania under the Influence of European Union Law

2019 ◽  
pp. 567-576
Author(s):  
Bronius Sudavičius
Keyword(s):  
European Union ◽  
Planning Process ◽  
Legal Regulation ◽  
Stability And Growth Pact ◽  
The European Union ◽  
European Union Law ◽  
Budget Planning ◽  
Growth Pact ◽  
The Republic ◽  
The Impact

The article deals with the problem of the impact of the European Union law on budget planning legal regulation in the Republic of Lithuania after accession to the European Union in 2004. Such questions, as harmonisation of annual and medium-term budget planning , changes in the budget planning process, the requirements of stability and growth pact and their implementation in the national law are analysed in the article.

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