Ftpl-Perspective on Tradable Deficit Permits in the Emu (European Monetary Union) (Report) - Atlantic Economic Journal

Ftpl-Perspective on Tradable Deficit Permits in the Emu (European Monetary Union) (Report)

By Atlantic Economic Journal

  • Release Date - Published: 2007-09-01
  • Book Genre: Business & Personal Finance
  • Author: Atlantic Economic Journal
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Ftpl-Perspective on Tradable Deficit Permits in the Emu (European Monetary Union) (Report) Atlantic Economic Journal read online review & book description:

Introduction Germany and France have both exceeded the deficit limit of the Maastricht Treaty for more than three years. Meanwhile, the European Commission has challenged the refusal of the European Council to act upon the repeated failure to meet the deficit criterion before the European Court of Justice. Even though all parties pledged allegiance to the Maastricht Treaty, it is quite clear that there is an urgent need for an instrument which would gain the acceptance of member states and allow more flexibility in the decision-making process of fiscal authorities whilst at the same time securing price stability in the euro area.

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