Buti, Marco; Martins, João Nogueira - In: Zeitschrift für Wirtschaftspolitik 55 (2006) 3, pp. 288-304
Abstract The EU fiscal framework has often been criticised for not providing Member States with the right incentives to adopt structural reforms which would reduce implicit liabilities and improve sustainability. The Pact, as reformed in 2005, now includes a number of provisions that explicitly...
