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Comment définir les "circonstances exceptionnelles" ?

Listed author(s):
  • Alexis Penot

    (GATE - Groupe d'analyse et de théorie économique - CNRS - UL2 - Université Lumière - Lyon 2 - Ecole Normale Supérieure Lettres et Sciences Humaines)

  • Agnès Bénassy-Quéré

    (CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique)

Dans sa version initiale, le Pacte de Stabilité et de Croissance (PSC) fixe à 3% le déficit public maximumpour chacun des pays membres de la zone euro. Toutefois, afin d'éviter de subir les procéduresde déficit public excessif, les pays peuvent éventuellement se prévaloir de "circonstances exceptionnelles".Celles-ci sont parfaitement codifiées : avec une récession supérieure à 2%, un pays peut lesinvoquer et donc s'affranchir de la limite de 3% de déficit public. Avec une récession comprise entre0,75 et 2%, des négociations sont engagées pour le déclenchement éventuel des sanctions.

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Paper provided by HAL in its series Post-Print with number halshs-00158932.

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Date of creation: 2005
Publication status: Published in Problèmes économiques, Documentation française, 2005, pp.44-48
Handle: RePEc:hal:journl:halshs-00158932
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