1. The Stability and Growth pPact
... the transition to EMU member states would not abandon the fiscal policies that led to satisfaction of the Maastricht fiscal criteria (to satisfy German concerns, for example), then surely the SGP should be only a transitional feature, and should be removed once monetary integration is achieved to allow automatic stabilizers to work. But the SGP raises further concerns. First, as the ECB clearly ... been a concern after the Commission's "early warning" pronouncements on the fiscal policies of Germany, France, Italy and Portugal, and the decision by the French government to effectively ign...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate