Buti, Marco - Directorate-General Economic and Financial Affairs, … - 2006
Stability and Growth Pact (SGP) aims to make budgetary discipline a permanent feature of EMU. Consequently, the Pact is commonly … the main fiscal policy developments in the early years of EMU which were at the basis of the crisis of the SGP ‘mark I … interpreted as a major building block of EMU's architecture: the SGP ‘must rank as one of the most remarkable pieces of policy …