Schuknecht, Ludger; Moutot, Philippe; Rother, Philipp; … - European Central Bank - 2011
, while the Stability and Growth Pact was watered down. Spillovers from the financial and economic crisis compounded fiscal … – fiscal policy coordination. The first nine years of the euro were not used effectively in order to improve public finances … rules in Economic and Monetary Union (EMU). It makes proposals to strengthen fiscal policy governance that go well beyond …