An uneven playing field: Larger EU member states receive weaker Commission oversight than smaller states

The EU’s fiscal oversight mechanism, the Stability and Growth Pact, which sets limits on states’ budget deficits and debt levels, was insufficient to prevent the Eurozone crisis from occurring. Nicole Rae Baerg notes that if European states are to learn from this failure, it is important to understand why the system lacked credibility. Presenting evidence from a recent study, she writes that larger and more Eurosceptic states have received weaker levels of oversight from the European Commission than smaller states, and that the ability of more powerful states to alter Commission recommendations should be a key area of concern for policymakers who would like to see credible European safeguards put in place.

ESO: Key Source: Stability and Growth Pact http://www.europeansources.info/record/stability-and-growth-pact/

ESO: Background information: European Semester 2016: Commission reminds Member States of fiscal obligations http://www.europeansources.info/record/press-release-european-semester-2016-commission-reminds-member-states-of-fiscal-obligations/

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