Restrictive Economic Policies of European Economic and Monetary Union: A Critical Analysis

2017 ◽  
Author(s):  
Maria Grazia La Spada
1991 ◽  
Vol 26 (4) ◽  
pp. 151-158
Author(s):  
Helmut Schlesinger

2012 ◽  
Vol 8 (1) ◽  
pp. 1-7 ◽  
Author(s):  
LB ◽  
JHR

In between the writing of this editorial and the publication of this issue of EuConst, the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, in everyday parlance the ‘Fiscal Compact’, will have been signed by the representatives of the governments of the contracting parties — the member states of the European Union minus the United Kingdom and the Czech Republic. The Fiscal Compact is intended to foster budgetary discipline, to strengthen the coordination of economic policies and to improve the governance of the euro area.


Author(s):  
Kenneth A. Armstrong

Policy coordination in one form or another has been a feature of EU governance for the past two decades. Developing initially as a mechanism through which to coordinate national economic policies in the shadow of economic and monetary union (EMU), and extending to the coordination of employment policies through the European Employment Strategy, by the 2000s, policy coordination was being heralded as a new form of governance to be deployed to achieve the aims of the Lisbon Strategy of economic and social reform. Indeed, such was the interest in this new form of EU governance, it even acquired its own distinctive nomenclature—the ‘open method of coordination’ (OMC).


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