THE COVERAGE OF THE MAIN CRITERIA IN STABILITY AND GROWTH PACT BY THE EUROPEAN UNION MEMBER STATES FOR THE PERIOD 2002-2015
VIKTOR DINEV
Abstract
The coverage of the main criteria in Stability and Growth Pact by the EU member states has been examined for the period 2002-2015. The study results suggest that the EU member states failed to implementing the major criteria in Stability and Growth Pact is not a factor to provoke the Euro area debt crisis. Further reforms in institutional framework of economic and monetary union in EU in the current economic and political conditions.
Key words
Euro area debt crisis, Stability and Growth Pact, PIIGS
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