Carstensen, Kai; Gern, Klaus-Jürgen; Kamps, Christophe; … - 2003
of fiscal policy will be roughly neutral with differences among the member states. The budget situation in Germany is a … announcements by allowing excessive deficits to persist. That is in clear contradiction to the Broad Economic Policy Guidelines … in the context of the Stability Programs, fiscal policy is losing credibility. Should the Stability Pact fail, it would …