Will the national ‘golden rule’ eclipse the EU fiscal norms?
in E-squared, Issue 5, Spring 2012, pp.32-33.
Achieving more fiscal discipline has been at the top of the political agenda ever since financial markets started to question the sustainability of public finances in the Eurozone. In an attempt to show the Eurozone’s resolve, EU leaders have agreed to a new intergovernmental treaty – the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union.
(Photo credit: Images of Money, Flickr )