The Stability and Growth Pact

In this book, experts from across Europe present their views about the legal and economic foundations of the Stability and Growth Pact (SGP) and its performance so far. The book deals with the economic problems with the pact, its theoretical basis, possible improvements and the implications of the reformed SGP. The book not only reports and analyzes the experiences with the old SGP, but it offers also a first ex ante assessment of the future aspects of the reformed SGP.