TOWARD A STRONGER FISCAL CONVERGENCE AND DISCIPLINE FOR EUROPE – HOW FAR ARE WE?
Economies frequently pursue policies that tend to lead to fiscal crises, usually sustained by deficits and high public debt levels. First, states borrow in order to sustain their economies, thus accumulating debt and deficits, then are submitted to fiscal rules as constraints and are obliged to adop...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2016-07-01
|
| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2016/n1/59.pdf |