Share

European Union


  • 27-July-2016

    English

    Making public finances more growth and equity-friendly in the euro area

    To achieve a euro area fiscal stance that fosters the recovery, countries with fiscal space under the Stability and Growth Pact rules should use budgetary support to raise growth, and existing incentives and flexibility should be taken advantage of to pursue reforms of tax and spending policies.

    Related Documents
  • 5-July-2016

    English

    Fiscal policy in the euro area: in the current juncture, don’t apply sanctions

    The European Commission will assess again the fiscal situation of Portugal and Spain, and decide whether to recommend to the Council that the Excessive Deficit Procedure be stepped up for those countries, exposing them to various sanctions. This momentous decision can have major consequences for the countries concerned, but also wider implications.

    Related Documents
  • 2-July-2012

    English

    Europe's new fiscal rules

    Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called "six pack" to upgrade the Stability and Growth Pact to a new Treaty incorporating the "fiscal compact".

    Related Documents
  • 15-December-2010

    English

    Improving fiscal performance through fiscal councils

    There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance.

    Related Documents
  • 22-July-2010

    English

    European Union: Catching up and inflation: Balassa-Samuelson, Engel’s law and other culprits

    This study analyses the impact of economic catching up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.

    Related Documents
  • 23-May-1993

    English, , 1,045kb