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The European Union and Italy relations in the context of supranational fscal regulation

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  • D. О. Mikhalev

  • E. A. Sergeev

Abstract

The article presents a retrospective analysis of relations between the government of Italy and the European Union institutions in the context of supranational fscal regulation in 2002–2019. The authors analyze the influence of external and internal factors on the state of public fnance in Italy, note the reasons that made it difcult to meet the requirements of the Stability and Growth Pact, study the main issues on the agenda in the EU-Italy relations and their evolution. The authors also come to conclusion that unlike the earlier discussions about correcting budget defcit in Italy, current focus of supranational fscal governance is shifted to preventing it, what challenges the economic sovereignty of Italy and country’s opportunities to conduct a discretionary fscal policy.

Suggested Citation

  • D. О. Mikhalev & E. A. Sergeev, 2021. "The European Union and Italy relations in the context of supranational fscal regulation," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 3 ч. 2.
    • Handle: RePEc:aca:journl:y:2021:id:335
    DOI: 10.28995/2073-6304-2021-3-208-221
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    References listed on IDEAS

    as
    1. Mr. Luc Eyraud & Vitor Gaspar & Mr. Tigran Poghosyan, 2017. "Fiscal Politics in the Euro Area," IMF Working Papers 2017/018, International Monetary Fund.
    2. Barry Eichengreen, 1992. "Is Europe an Optimum Currency Area?," Palgrave Macmillan Books, in: Silvio Borner & Herbert Grubel (ed.), The European Community after 1992, chapter 8, pages 138-161, Palgrave Macmillan.
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