Is the EU Fiscal Compact enough to avoid another Euro Crisis?

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Is the EU Fiscal Compact enough to avoid another Euro Crisis? by Katharina Osterholt, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Katharina Osterholt ISBN: 9783656196013
Publisher: GRIN Publishing Publication: May 22, 2012
Imprint: GRIN Publishing Language: English
Author: Katharina Osterholt
ISBN: 9783656196013
Publisher: GRIN Publishing
Publication: May 22, 2012
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2012 in the subject Politics - International Politics - Topic: European Union, grade: B bzw. 1,7, BI Norwegian Business School, course: The EU Policy Process, language: English, abstract: This paper investigates the evolvement of the Fiscal Compact out of the Maastricht stability criteria using liberal intergovernmentalism and economic theories and gives an outlook into a possible future. The new Fiscal Pact includes an automatic mechanism that sets in directly when a member state reaches a high public debt or government deficit. Furthermore, the EU Court of Justice has the competence to punish countries that have breached the treaty. This crisis has shown that the integration between the euro zone members states is increasing, especially due to the need of fiscal and economic surveillance. The liberal intergovernmentalist approach explains how the increasing cooperation between the member states results into more enforcing supranational rules but also on why the EU might still be considered as a weak institution. This paper focuses on the underlying economic problems and how the euro member states seem to be able to cope with the crisis. It shows how the Stability and Growth Pact in the Maastricht treaty has not been enough and that due to the crisis, economic and fiscal integration as well as enforceable rules are getting more important and are leading to a stronger integrated monetary union.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2012 in the subject Politics - International Politics - Topic: European Union, grade: B bzw. 1,7, BI Norwegian Business School, course: The EU Policy Process, language: English, abstract: This paper investigates the evolvement of the Fiscal Compact out of the Maastricht stability criteria using liberal intergovernmentalism and economic theories and gives an outlook into a possible future. The new Fiscal Pact includes an automatic mechanism that sets in directly when a member state reaches a high public debt or government deficit. Furthermore, the EU Court of Justice has the competence to punish countries that have breached the treaty. This crisis has shown that the integration between the euro zone members states is increasing, especially due to the need of fiscal and economic surveillance. The liberal intergovernmentalist approach explains how the increasing cooperation between the member states results into more enforcing supranational rules but also on why the EU might still be considered as a weak institution. This paper focuses on the underlying economic problems and how the euro member states seem to be able to cope with the crisis. It shows how the Stability and Growth Pact in the Maastricht treaty has not been enough and that due to the crisis, economic and fiscal integration as well as enforceable rules are getting more important and are leading to a stronger integrated monetary union.

More books from GRIN Publishing

Cover of the book Character Analysis: Dolly Scupp in Terrence McNally's 'Bad Habits' by Katharina Osterholt
Cover of the book Robert Burns' 'A man's a man for a' that' as a Poetic Illustration of his Revolutionary Political Beliefs by Katharina Osterholt
Cover of the book Culture Therapy by Katharina Osterholt
Cover of the book Discuss the distribution of genetic diversity found in human and chimpanzee populations by Katharina Osterholt
Cover of the book Understanding Interculturalism and Multiculturalism for the Successful Integration of Immigrants by Katharina Osterholt
Cover of the book Key features of network sociality and critical assessment of the notion of a 'networked society' by Katharina Osterholt
Cover of the book US foreign policy towards the Russian Federation: The constrained Empire by Katharina Osterholt
Cover of the book The influence of religious beliefs on long-term economic development by Katharina Osterholt
Cover of the book Career Management in times of rapid change by Katharina Osterholt
Cover of the book The perception of George Orwell in Germany by Katharina Osterholt
Cover of the book Achieving strategic agility. On the fast track to superior performance in fashion retail by Katharina Osterholt
Cover of the book Analysis of William Wordsworth's 'Upon Westminster Bridge' by Katharina Osterholt
Cover of the book The Simile of the Avalanche in Shelley's Prometheus Unbound by Katharina Osterholt
Cover of the book Sir Ernest Shackleton - A charismatic leader in times of changes by Katharina Osterholt
Cover of the book Transfer of HRM policies by Katharina Osterholt
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy