Schuknecht, Ludger; Moutot, Philippe; Rother, Philipp; … - European Central Bank - 2011
rules in Economic and Monetary Union (EMU). It makes proposals to strengthen fiscal policy governance that go well beyond …, while the Stability and Growth Pact was watered down. Spillovers from the financial and economic crisis compounded fiscal … – fiscal policy coordination. The first nine years of the euro were not used effectively in order to improve public finances …