Making The Emu.

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Savage, James D.

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ISBN:9780199238699
Editorial: Oxford University Press
Fecha de la edición:2007
Encuadernación:Rústica
Dimensiones: 0 cm x 0 cm
Nº Pág.:239
Idiomas:Ingles,Inglés

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/ Unión Europea

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a three per cent deficit in Belgium equivalent to one in Italy or France? Making the EMU explores how the Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively determines which member states qualified for member status and are subject to the Pact's sanctions. This book provides the first examination of how the EU entrusted the credibility of these critical budgetary figures to a relatively minor European Commission agency, and what effect the surveillance procedure has on the making of the EMU and the enforcement of Maastricht.

1. Enforcing Maastricht: The Significance of Treaty Surveillance; 2. Treaty Delegation and the Institutional Structure of Surveillance; 3. Designing a Compliance Information System: ESA and the Techniques of Surveillance; 4. European Statistical Case Law for Stage II of Convergence 1994-97; 5. European Statistical Case Law for Stage III Monetary Union 1998-2004; 6. Credibility, Institutionalization, and Europeanization; Appendix: Other Eurostat Sage II Decisions 1995-97