Barnes, Sebastian; Davidsson, David; Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2012
Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called “six pack” to upgrade the Stability and Growth Pact to a new Treaty incorporating the “fiscal...