Buti, Marco; Eijffinger, Sylvester C W; Franco, Daniele - C.E.P.R. Discussion Papers - 2003
The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the … inherent in the recourse to predefined budgetary rules. This does not mean that the EU fiscal rules cannot be improved. Given … the existing degree of political integration in EMU, however, internal adjustment rather than attempting to redesign the …