Schneider, Ondrej; Zápal, Jan - CESifo - 2005
policy whereby NMS must comply with the Stability and Growth Pact (SGP) rules. Indeed, six out of the ten NMS have breached …The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist … countries, have had to adjust their economic policies to the EU’s standards. Perhaps most difficult has proven to be fiscal …