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 ... clear whether this threat is real, this incentive measure also can act to increase political anxieties (as has been seen recently in Portugal), and potentially could lead to increased opposit...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate