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Belgium strengthened its High Council of Finance and resorted to budgetary targets in the form of fiscal contracts. …
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Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
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period, the process of the federalisation of Belgium, which had been started in the 1970s, moved forward in a context of …
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