Is the EU Fiscal Compact enough to avoid another Euro Crisis?

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Is the EU Fiscal Compact enough to avoid another Euro Crisis? by Katharina Osterholt, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Katharina Osterholt ISBN: 9783656196013
Publisher: GRIN Publishing Publication: May 22, 2012
Imprint: GRIN Publishing Language: English
Author: Katharina Osterholt
ISBN: 9783656196013
Publisher: GRIN Publishing
Publication: May 22, 2012
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2012 in the subject Politics - International Politics - Topic: European Union, grade: B bzw. 1,7, BI Norwegian Business School, course: The EU Policy Process, language: English, abstract: This paper investigates the evolvement of the Fiscal Compact out of the Maastricht stability criteria using liberal intergovernmentalism and economic theories and gives an outlook into a possible future. The new Fiscal Pact includes an automatic mechanism that sets in directly when a member state reaches a high public debt or government deficit. Furthermore, the EU Court of Justice has the competence to punish countries that have breached the treaty. This crisis has shown that the integration between the euro zone members states is increasing, especially due to the need of fiscal and economic surveillance. The liberal intergovernmentalist approach explains how the increasing cooperation between the member states results into more enforcing supranational rules but also on why the EU might still be considered as a weak institution. This paper focuses on the underlying economic problems and how the euro member states seem to be able to cope with the crisis. It shows how the Stability and Growth Pact in the Maastricht treaty has not been enough and that due to the crisis, economic and fiscal integration as well as enforceable rules are getting more important and are leading to a stronger integrated monetary union.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2012 in the subject Politics - International Politics - Topic: European Union, grade: B bzw. 1,7, BI Norwegian Business School, course: The EU Policy Process, language: English, abstract: This paper investigates the evolvement of the Fiscal Compact out of the Maastricht stability criteria using liberal intergovernmentalism and economic theories and gives an outlook into a possible future. The new Fiscal Pact includes an automatic mechanism that sets in directly when a member state reaches a high public debt or government deficit. Furthermore, the EU Court of Justice has the competence to punish countries that have breached the treaty. This crisis has shown that the integration between the euro zone members states is increasing, especially due to the need of fiscal and economic surveillance. The liberal intergovernmentalist approach explains how the increasing cooperation between the member states results into more enforcing supranational rules but also on why the EU might still be considered as a weak institution. This paper focuses on the underlying economic problems and how the euro member states seem to be able to cope with the crisis. It shows how the Stability and Growth Pact in the Maastricht treaty has not been enough and that due to the crisis, economic and fiscal integration as well as enforceable rules are getting more important and are leading to a stronger integrated monetary union.

More books from GRIN Publishing

Cover of the book International Accounting. Multinational Corporations and Accounting Diversities by Katharina Osterholt
Cover of the book The Relationship Between Preferred Websites and Reading Motivation in College Students by Katharina Osterholt
Cover of the book The role of upward feedback in effective Federal public administration in Germany - as part of the new public management and modernisation strategy by Katharina Osterholt
Cover of the book The color of skin: Intra-racial prejudice in the Harlem Renaissance by Katharina Osterholt
Cover of the book The Double motif in literature using the example of Stevenson's 'The Strange Case of Dr. Jekyll and Mr. Hyde' by Katharina Osterholt
Cover of the book Shock advertising. Are consumer responses affected by culture? A case study on Benetton campaigns under Oliviero Toscani examining German and English responses by Katharina Osterholt
Cover of the book 'Sleeping with the Enemy' (1991). Martin Burney as an example of Obsessive Compulsive Personality Disorder? by Katharina Osterholt
Cover of the book Political experiments in Eastern Europe: Civil society by Katharina Osterholt
Cover of the book The Semantic Charging of Space in 'The Castle of Otranto' (Gothic Novel) by Katharina Osterholt
Cover of the book Basics of major strategic (and analytic) tools by Katharina Osterholt
Cover of the book Judaism in Germany by Katharina Osterholt
Cover of the book Social Change in the 19th Century Novel by Katharina Osterholt
Cover of the book Globalization - Blessing or Curse? by Katharina Osterholt
Cover of the book Religious and Racial Profiling in Mohsin Hamid's Novel 'The Reluctant Fundamentalist' by Katharina Osterholt
Cover of the book Training expatriates - crucial components in preparing for overseas assignments by Katharina Osterholt
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy