Schelkle, Waltraud - In: European Journal of Economics and Economic Policies: … 1 (2004) 2, pp. 135-150
In a substantive paper, Buti et al. (2003) discuss various criticisms of the European Stability and Growth Pact and propose a number of amendments. The bottom line of their review is that reform requires internal adjustment only, keeping the norm of relying on rule-based fiscal consolidation and...