RULING EUROPE by Martin Heipertz, Amy Verdun, Prime Minister of Luxembourg Jean-Claude Juncker (Foreword) ( 9780521283304 )

Item Details

Title:

RULING EUROPE
THE POLITICS OF THE STABILITY AND GROWTH PACT

By:

Martin Heipertz, Amy Verdun, Prime Minister of Luxembourg Jean-Claude Juncker (Foreword)

Format:

Paperback

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£30.99

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£27.12

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£3.87

ISBN 10:

0521283302

ISBN 13:

9780521283304

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

4 January, 2011

Pages:

334

Description:

This book analyses the fraught history and politics of the Stability and Growth Pact from its origins to the present economic crisis.

Synopsis:

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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Illustrations

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Imprint:

Cambridge University Press

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Returnable

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BRITAIN AND CANADA AND THEIR LARGE NEIGHBORING MONETARY UNIONS (PB)

EMU AND POLITICAL SCIENCE