Publication

Jul 1995

This paper proposes that the enforcement mechanism of the excessive deficit procedure in the Maastricht Treaty need to be strengthened. The author proposes making the procedure more automatic and based on firm rules, reducing the room for discretion exercised by ECOFIN.

Download English (PDF, 27 pages, 753 KB)
Author Daniel Gros
Series CEPS Working Documents
Issue 95
Publisher Centre for European Policy Studies (CEPS)
Copyright © 1995 Centre for European Policy Studies (CEPS)
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