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Item Details
Title: MAKING THE EMU
THE POLITICS OF BUDGETARY SURVEILLANCE AND THE ENFORCEMENT OF MAASTRICHT
By: James D. Savage
Format: Paperback

List price: £48.49


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ISBN 10: 0199238693
ISBN 13: 9780199238699
Publisher: OXFORD UNIVERSITY PRESS
Pub. date: 6 December, 2007
Pages: 256
Description: By examining the politics of the European Commission and its management of the Maastricht Treaty's budgetary surveillance procedure, this book provides major new insights into the processes by which specific member states qualified for EMU status and became subject to the sanctions of the Stability and Growth Pact.
Synopsis: 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 leaders be certain that these targets are met? Is a three per cent deficit in Belgium equivalent to one in Italy or France? Making the EMU explores how the Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively determines which member states qualified for member status and are subject to the Pact's sanctions. This book provides the first examination of how the EU entrusted the credibility of these critical budgetary figures to a relatively minor European Commission agency, and what effect the surveillance procedure has on the making of the EMU and the enforcement of Maastricht.
Illustrations: 13 tables, 6 figures
Publication: UK
Imprint: Oxford University Press
Returns: Non-returnable
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