Current developments in Greece make clear that the rules of the European Stability and Growth Pact (SGP) were neither strict enough nor enforced strictly enough. To deal with the ongoing exit from the fiscal crisis and its related phenomena, we propose a new framework for fiscal policy...

The economic aims mentioned in Article 2 of the EEC-Treaty may be summarised in the formula: "expansion and stability". The author discusses in the following the effectiveness of the major strategies applied by the EEC within the framework of its integration policy, i.e. integration through...