| Author (Person) | Verhelst, Stijn |
|---|---|
| Publisher | Royal Institute for International Relations (Egmont Institute) |
| Series Title | European Policy Briefs - Egmont Institute |
| Series Details | No.6 (January 2012) |
| Publication Date | January 2012 |
| Content Type | Journal | Series | Blog |
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Abstract: If introduced successfully, national Golden Rules will completely overturn fiscal governance in the eurozone. Golden Rules would almost always be more stringent than EU-level fiscal norms. EU fiscal norms will hence evolve into a safety net in case a Golden Rule fails. The possibility of such a failure is, indeed, not to be dismissed. Because of the severity of the Golden Rules, eurozone leaders should reflect on their design. There is a real risk that they will undercut public investment, which would be at the cost of the EU’s other long-term challenges. |
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| Source Link | Link to Main Source http://aei.pitt.edu/63521/ |
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
