Publication
1 Jan 2003
This paper argues that there is a simple way to introduce the evolution of public debt in the EU Stability Pact, which so far has focused exclusively on deficits. This note provides a numerical rule for evaluating whether public debt is indeed diminishing at a satisfactory pace. This numerical rule is in accordance with the reference values in the Maastricht Treaty and could be used as the basis for an excessive debt procedure.
Download |
English (PDF, 8 pages, 268 KB) |
---|---|
Author | Daniel Gros |
Series | CEPS Policy Briefs |
Issue | 30 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2003 Centre for European Policy Studies (CEPS) |