Martin Heipertz

Ruling Europe (eBook, PDF)

The Politics of the Stability and Growth Pact

• Format: PDF

Produktbeschreibung

The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact's Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of Justice in 2004 and the SGP then underwent painstaking reform in 2005. After a period of economic prosperity and falling budgetary deficits, the global economic crisis put the system under renewed stress. Ruling Europe presents a comprehensive analysis of the political history of the SGP as the cornerstone of EMU. It examines the SGP through different theoretical lenses, offering a fascinating study of European integration and institutional design. One cannot understand the Euro without first understanding the SGP.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 18. März 2010
• Englisch
• ISBN-13: 9780511740558
• Artikelnr.: 38184669

Inhaltsangabe

Foreword Jean-Claude Juncke; 1. The politics of the Stability and Growth Pact; Part I: 2. States, intergovernmentalism and negotiating the SGP; 3. Opening the box: a domestic politics approach to the SGP; 4. The functional logic behind the SGP; 5. The role of experts and ideas; Part II: 6. Implementation of the SGP in good and in bad times; 7. From bad times to crisis; 8. The SGP before the European Court of Justice; 9. The SGP in times of financial turbulence and economic crisis; 10. Conclusion: the past, present and future of the SGP and implications for European integration theory; Appendix.

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Foreword Jean-Claude Juncke
1. The politics of the Stability and Growth Pact
Part I: 2. States, intergovernmentalism and negotiating the SGP
3. Opening the box: a domestic politics approach to the SGP
4. The functional logic behind the SGP
5. The role of experts and ideas
Part II: 6. Implementation of the SGP in good and in bad times
7. From bad times to crisis
8. The SGP before the European Court of Justice
9. The SGP in times of financial turbulence and economic crisis
10. Conclusion: the past, present and future of the SGP and implications for European integration theory
Appendix.

Rezensionen

Review of the hardback: 'This is a major and timely study of a central issue area in European integration that goes to the very heart of the complex relations between the EU and its Member States, namely fiscal policies. The authors make effective use of European integration theories to elucidate and explain how these relations have evolved in the context of Economic and Monetary Union. The result is a book that is essential reading for all students of European integration and especially for those working in political economy.' Kenneth Dyson, School of European Studies, Cardiff University