IDEAS home Printed from https://ideas.repec.org/a/ids/ijecbr/v2y2010i1-2p49-59.html
   My bibliography  Save this article

The 2008 financial crisis and Stability and Growth Pact II? Let us move on to SGP III: "A la carte"

Author

Listed:
  • Thierry Warin

Abstract

After the fuzziness in Europe that surrounded the implementation of the excessive deficit procedure foreseen by the Stability and Growth Pact (SGP), the European Union had to restore the credibility of the weakened fiscal rule. The constraint was to keep alive the Treaty of Amsterdam. Indeed, an attempt to make major changes to the SGP would have necessitated a new Treaty. This could have meant no more Europe-wide fiscal rule. But are minor changes enough in light of the 2008 financial crisis? This paper addresses this question by deciphering the amended version of the SGP, and finds that, in the case countries still breach the SGP, another minor change is possible: an "A la carte" version of the SGP.

Suggested Citation

  • Thierry Warin, 2010. "The 2008 financial crisis and Stability and Growth Pact II? Let us move on to SGP III: "A la carte"," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 2(1/2), pages 49-59.
  • Handle: RePEc:ids:ijecbr:v:2:y:2010:i:1/2:p:49-59
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=29728
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijecbr:v:2:y:2010:i:1/2:p:49-59. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmel O'Grady) The email address of this maintainer does not seem to be valid anymore. Please ask Carmel O'Grady to update the entry or send us the correct email address. General contact details of provider: http://www.inderscience.com/browse/index.php?journalID==310 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.