𝔖 Bobbio Scriptorium
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The Decline of Fiscal Discipline

✍ Scribed by George Terborgh

Book ID
124933634
Publisher
CFA Institute
Year
1981
Tongue
English
Weight
988 KB
Volume
37
Category
Article
ISSN
0015-198X

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## Abstract Under the Maastricht Treaty and the Stability and Growth Pact (SGP), European Union (EU) Member States commit themselves to avoid excessive deficits over 3% of GDP and to pursue the medium‐term objective of budgetary positions close to balance or in surplus. The SGP also provides regula