P/E/174. The Stability and Growth Pact as a part of Europe integration, its impact on Germany and Frances fiscal situation.
(2004, 4000 words)
This paper examines the SGP (Stability and Growth Pact), established by the euro members and its budgetary prudence and scope on France and Germanys fiscal situations. After analyzing the SGPs current state, it explores France and Germanys budgetary situations and the SGPs impact on them. Next, the global attitudes and the ECBs (European Central Bank) attitude to the SGP are assessed. Finally, some recommendations are given, and the paper makes concluding remarks about the SGPs activity.
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