Following mounting criticism of the rules concerning economic governance in the European Union, and a legal challenge by the European Commission earlier in 2004 against the Member States (ECJ Case C-27/04), the European Commission introduced proposals in September 2004 to strengthen economic governance and clarify the implementation of the Stability and Growth Pact (SGP). The Communication responded to the European Council, June 2004 call for proposals by the Commission that strengthen and clarify the implementation of the SGP. The European Commission advocates better interlinking the instruments for EU economic governance in order to enhance the contribution of budgetary policy to economic growth. The Commission also proposes that the SGP would benefit from an increased focus on the sustainability of public finances and increased recognition of the different economic situations in an enlarged Union of 25.
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Financial Times: Greece vows to halve deficit amid threats from Commission, 30.9.04 |
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Financial Times: Europe needs a strategy, not looser fiscal rules, 24.5.04 |
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Financial Times: German deficit set to breach EU stability pact again, 30.9.04 |
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Financial Times: EU deficit sanctions decision 'illegal', 14.7.04 |
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BBC News: Court overturns finance ministers, 13.7.04 |
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European Voice: Court case 'will not help' Stability and Growth Pact, 8.7.04 |
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BBC News: Euro pact rules to be reviewed, 26.6.04 |
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Financial Times: A great chance for Europe to get its act together, 19.7.04 |
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European Voice: Divided Europe flunking economic rulebook tests, 10.6.04 |
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Financial Times: EU battle to impose fiscal rules nears end, 1.9.04 |
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Financial Times: Finance ministers call for EU stability pact rethink, 21.5.04 |
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The Economist: One for all. The perils of a single currency, 25.9.04 |
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The Economist: Europe's single currency. The instability and fudge pact, 11.9.04 |
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The Economist: Europe and the euro: The death of the stability pact, 29.11.03 |
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The Economist: Europe's fiscal follies. Unstable and incredible, 29.11.03 |
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The Economiust: Charlemagne: Stability or instability, 8.11.03 |
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Financial Times: Brussels prefers peer pressure to fines, 22.6.04 |
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Financial Times: German bank hits at fiscal pact plan, 8.9.04 |
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Financial Times: Greece given legal warning for gross under-reporting of deficit, 24.9.04 |
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Financial Times: ECB warns against weakening fiscal rules, 23.9.04 |
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Financial Times: France vows to cut deficit in line with EU criteria, 23.9.04 |
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BBC News: French budget to control deficit, 22.9.04 |
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Financial Times: Ministers agree on stability pact reform - but not on the extent, 11.9.04 |
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Financial Times: Solomonic ruling, 14.7.04 |
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Financial Times: EU monetary chief urges euro reforms, 29.9.04 |
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The Economist: Europe's stability pact: Stabbed, 11.10.04 |
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European Voice: Revised pact will raise euro entry bar, 9.9.04 |
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Financial Times: The flaw that threatens the eurozone, 6.9.04 |
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Financial Times: EU critics claim 'cop-out' as Prodi eases growth pact, 4.9.04 |
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Financial Times: Back to life, 3.9.04 |
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Financial Times: Barroso must take a hard line on the pact, 3.9.04 |
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BBC News: Move to relax euro budget rules, 3.9.04 |
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European Voice: Finance ministers to examine fiscal rules 'softening', 2.9.04 |
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European Voice: One new Pact for all, and all for one?, 30.9.04 |
Stability and growth in Europe: Towards a better pact (Centre for Economic Policy Research, 2003, ISBN: 1-898128-77-4)
