The European Commission has recently published legislative proposals for a reform of the Stability and Growth Pact (SGP …). The declared object is to make the economic governance of the EU simpler, improve national ownership, place a greater …

suggestions on how this could be developed further. The annex contains two short papers covering (1) the EU methodology for …

There is consensus that the Stability and Growth Pact (SGP) needs to evolve. In this paper, we put forward reform ideas … allowing for growth, and contribute to economic convergence. A clearer focus of fiscal policy on primary deficits would also …

budget orthodoxy. The issue at stake is not only of political economy and institutional changes in the EU. It is also of …, sustainable and inclusive recovery in Europe. The common real debt would be financed through the creation of EU Reproductive … political and fiscal union for euro area countries - and, in outer rings, of the EU, of the EEA and of potential EU members. In …

This paper discusses the future of the Stability and Growth Pact (hereafter SGP). Although Neoclassical economic models …