Flexibility clauses in the Stability and Growth Pact: No need for revision

Stefano Micossi and Fabrizia Peirce

CEPS Papers from Centre for European Policy Studies

Abstract: After an in-depth review of the Stability and Growth Pact, the authors of this CEPS Policy Brief conclude that there is sufficient flexibility within the Pact to accommodate any unexpected drop in economic activity and has ample margin to finance structural reforms during transition to the new regime.

Pages: 14 pages
Date: 2014-07
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:9514

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