Kostoris Padoa Schioppa, Fiorella - European Economic Studies, College of Europe - 2006
This paper analyses the main critiques addressed by the literature and the policy-makers to the 1997 Stability and Growth Pact. It further indicates to what extent the 2005 reform of the Pact meets those critics. It finally argues that the 2005 reform may be too little and arrive too late to...
