EU countries experience in implementing of fiscal rules and regulations as a reaction to the effects of the global financial crisis
The article covers the problems of peculiarities of implementing of the fiscal policy of the EU countries concerning new institutional mechanism – fiscal rules and regulations that can prevent the debt crisis and strengthen the fiscal discipline. The experience of Great Britain, the Netherlands, Germany, Italy and other EU countries in the realization of fiscal policy based on fiscal rules and regulations has been analyzed. The relevance of implementing the fiscal policy in a crisis economy through «institutional arrangement » of fiscal rules into legal procedures of debt and fiscal strategy has been grounded.
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