Greek Fiscal Governance: The EU’s Impact on Fiscal Sovereignty



Tackling the consequences of the financial crisis has become, since 2010, the most important item on the agenda of the European Union (EU) institutions, and the result of the relevant proceedings was the establishment of a new EU policy framework for crisis management, including policy instruments in pursuit of: (a) crisis prevention; (b) crisis control and mitigation; and (c) crisis resolution (see European Commission, Economic crisis in Europe: causes, consequences and responses, European Economy 7/2009). This was a dual purpose approach: overcoming the specific crisis through a European Economic Recovery Plan (see European Commission, From financial crisis to recovery: a European framework for action. COM, 706 final, 29.10.2008; European Commission, A European economic recovery plan. COM, 800 final, 26.11.2008) and creating a scheme for avoiding or providing responses to similar crises in the future.


European Union Member State International Monetary Fund Growth Pact Fiscal Rule 
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© The Author(s) 2017

Authors and Affiliations

  1. 1.Dept of International & European StudiesUniversity of MacedoniaThessalonikiGreece

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