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Member-State Budgetary Transparency in the Economic and Monetary Union

James D. Savage

in Transparency: The Key to Better Governance?

Published in print:
2006
Published Online:
January 2012
ISBN:
9780197263839
eISBN:
9780191734915
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197263839.003.0009
Subject:
Political Science, Political Theory

The Maastricht Treaty raised the standards for transparency in the European Union to new supranational levels. Prior to Maastricht, transparency in member-state budgeting depended largely upon ... More


Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

James D. Savage

Published in print:
2007
Published Online:
October 2011
ISBN:
9780199238699
eISBN:
9780191696770
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199238699.001.0001
Subject:
Political Science, European Union, Political Economy

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's ... More


Institutional Responses to the Crisis

Alicia Hinarejos

in The Euro Area Crisis in Constitutional Perspective

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198714958
eISBN:
9780191783128
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714958.003.0004
Subject:
Law, EU Law

This chapter provides an analysis of the measures adopted to address the euro area crisis. First, a quick intervention was necessary in order to stabilize the situation of certain euro countries. To ... More


The Euro Area Crisis in Constitutional Perspective

Alicia Hinarejos

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198714958
eISBN:
9780191783128
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714958.001.0001
Subject:
Law, EU Law

The euro area sovereign debt crisis has been the greatest threat to the euro since its inception, but the consequences of the crisis go well beyond the realm of macroeconomics: the crisis has cast ... More


The Evolution of EMU: Challenges and Underlying Principles

Alicia Hinarejos

in The Euro Area Crisis in Constitutional Perspective

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198714958
eISBN:
9780191783128
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714958.003.0005
Subject:
Law, EU Law

The crisis showed that EMU was not dealing with certain challenges effectively. For EMU to be sustainable as a multilevel system of fiscal and economic governance, it needs to be able to address ... More


An Asymmetric EMU

Alicia Hinarejos

in The Euro Area Crisis in Constitutional Perspective

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198714958
eISBN:
9780191783128
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714958.003.0002
Subject:
Law, EU Law

This chapter provides an overview of the original design of Economic and Monetary Union (EMU) and its flaws. It highlights the underlying tension within EMU between a centralized monetary policy, on ... More


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