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Solidarische Tilgung der Staatsschulden im Euroraum: Ein Vorschlag zur Reform des Stabilitäts- und Wachstumspakts

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  • Richter Wolfram F.

Abstract

There is no getting around a reform of the European Stability and Growth Pact. However, there is no reform model under discussion that can be expected to enforce compliance with public budget discipline more effectively than before. With this in mind, this paper argues in favour of shifting the competence to impose sanctions in the event of non-compliant behaviour from the community level to the intergovernmental level. This would increase the credibility of the sanction threat. The shift would not mean abandoning the previously introduced fiscal rules.

Suggested Citation

  • Richter Wolfram F., 2023. "Solidarische Tilgung der Staatsschulden im Euroraum: Ein Vorschlag zur Reform des Stabilitäts- und Wachstumspakts," Wirtschaftsdienst, Sciendo, vol. 103(4), pages 276-279, April.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:4:p:276-279:n:14
    DOI: 10.2478/wd-2023-0081
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    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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