Afonso, António; Hauptmeier, Sebastian - 2009
fiscal authorities (EU membership, run-up to EMU, SGP, peer pressure,
capital markets views), that in recent years there is … increase the primary balance surplus
as a result of increases in the outstanding stock of government debt. Both EMU and
SGP … functioning of the European and Monetary Union
(EMU), which has been gradually put in place since 1992. However, the Member …