CIAO DATE: 09/2014
July 2014
Centre for European Policy Studies
After an in-depth review of the Stability and Growth Pact, the authors of this CEPS Policy Brief conclude that there is sufficient flexibility within the Pact to accommodate any unexpected drop in economic activity and has ample margin to finance structural reforms during transition to the new regime.
Resource link: Flexibility clauses in the Stability and Growth Pact: No need for revision [PDF] - 2.1M