Fitoussi, Jean-Paul; Saraceno, Francesco - Centre de recherche en Économie (OFCE), Sciences … - 2007
This paper reviews the arguments for and against the ‘Stability and Growth Pact’ signed by the countries of the Euro … suggest the view that the Stability Pact is a public social norm, and that a country’s adherence to that norm is in fact a … enlargement, with a number of countries anxious to prove their ‘soundness’ joining the club, the problems posed by the pact …