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Enhancing EMU’s Fiscal Arm: Towards Stronger Regulatory Surveillance

  • Pierre Schlosser
Chapter

Abstract

During the crisis, the central control over national fiscal policies has expanded along the lines of the two earlier critical junctures in fiscal surveillance: the Maastricht Treaty and the Stability and Growth Pact. This chapter retraces the process leading to the adoption of this new fiscal surveillance regime and explains the chief policy changes that led to a shift in the vertical power balance between the centre and Member States. By analysing in depth the negotiations of the 6 Pack, of the Fiscal Compact and of the 2 Pack, the chapter uncovers the preferences and strategies of key actors involved across these cases and documents how the reforms resulted in new implementation powers being delegated to the European Commission.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Pierre Schlosser
    • 1
  1. 1.European University InstituteFlorenceItaly

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