The Causes of Excessive Deficits in the European Union PDF Download
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Author: Vítor Castro
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Author: Vítor Castro
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Author: Ali H. Bayar
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Author: James K. Jackson
Publisher: DIANE Publishing
ISBN: 1437983073
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
The global financial crisis and economic recession spurred governments to boost fiscal expenditures to stimulate economic growth and to provide capital injections to support their financial sectors. The surge in fiscal spending, combined with a loss of revenue, has caused government deficit spending to rise sharply when measured as a share of GDP and increased the overall level of public debt. Budget deficits likely will stabilize, but are not expected to fall appreciably for some time. Contents of this report: Overview and Background; Austerity Measures in Europe; Impact on Gov¿t. Budgets; Fiscal Consolidation: Country Efforts; Recent EU Austerity Measures; Budget Rules; Budget Rules in Europe: The Stability and Growth Pact. A print on demand report.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 490
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Author: Tom Wan
Publisher: GRIN Verlag
ISBN: 3668310238
Category : Political Science
Languages : en
Pages : 50
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Thesis (M.A.) from the year 2012 in the subject Politics - Topic: European Union, grade: Merit, London School of Economics (European Institute), course: Politics and Government in the EU, language: English, abstract: The non-compliance to the Stability and Growth Pact in the early 2000’s was a direct challenge to the co-operative virtue of EU fiscal governance, and the fact that its occurrence played little role in affecting the stability for Europe’s most significant achievement yet – the Single Currency – was in itself a truly peculiar incident. Betrayed by the deeds of the two locomotives of the European Project, Germany and France, only four years after the adoption of the Euro – yet the currency strides on and none of the adverse effect that Economists feared had happened. But was that it? The fact that both of these nations could escape sanction by coercing other nations in debt to vote against a punishment for their excessive fiscal deficit announced a deep functional fault in the enforcement of agreed EU treaties on the Commission’s part; and knowing that the stability of the Euro hinged upon an incomplete fiscal federation where fiscal responsibility laid heavily on the shoulders of the member states, there was indeed a commitment crisis exhibiting itself in 2003. This paper aimed to answer two questions: first, what have caused the member states, such as France and most curiously, Germany, the one who had stressed the need for fiscal discipline every step of the way during the negotiation stage to safeguard the Euro, to renegade on a pact that was supposed to guarantee just that? Second, in light of the silence of the international capital market towards the incident, what, if any, had the demise of EDP contributed to the study of fiscal governance and political integration in the EU?
Author: Bruno Dallago
Publisher: Routledge
ISBN: 1317281179
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
The financial and economic crisis in Europe is not over, and the radically opposing strategies on how to proceed has only increased the complexity of problems in the region, revealing the shortcomings of the EU’s architecture. The European Union, perhaps for the first time in its history of more than seventy years, is being perceived as a threat to the financial and monetary stability of the world. A Global Perspective on the European Economic Crisis explores the connection between internal EU actions and institutions and the external factors that influence the ongoing response to the European crisis. With a unique collection of international and interdisciplinary essays, this book considers the complex macroeconomic and challenging political landscape of Europe, looking at how and why the European Union is untenable in its current state. The chapters outline what should be done to make the common currency area more resilient, and explain why external events are particularly problematic for the EU, ultimately offering suggestions for what Europeans should do in order to avoid harmful internal consequences. This volume confronts the causes of the crisis’ persistence, its economic and political consequences, and the impact of more recent events and policy decisions. It will be of interest to researchers and policy-makers keen to understand the EU relations and the influence of international organizations in the European economic crisis.
Author: Ali H. Bayar
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Ali H. Bayar
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
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Author: Jürgen von Hagen
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
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Book Description
Fiscal rules, such as the excessive deficit procedure and the stability and.
