Eichengreen, Barry - In: CESifo economic studies : CESifo, a joint initiative of … 50 (2004) 1, pp. 1-25
This paper reviews the controversy over Europe's Stability and Growth Pact and offers a proposal for its reform. It argues that Europe would be best served by focusing on the fundamental causes of unsustainable debts - public enterprises that are too big to fail, unfunded public pension schemes...
