Making the EMU The Politics of Budgetary Surveillance and the Enforcement of Maastricht

by Savage, James D.

• ISBN13: 9780199238699
• ISBN10: 0199238693
• Format: Paperback
• Copyright: 2008-02-03
• Publisher: Oxford University Press

Summary

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of 3 and 60 per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a 3 per cent deficit in Belgium equivalent to one inItaly or France? Making the EMU explores how the Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively determines which member states qualified for member status and are subject to the Pact's sanctions. This book provides the firstexamination of how the EU entrusted the credibility of these critical budgetary figures to a relatively minor European Commission agency, and what effect the surveillance proceudre has on the making of the EMU and the enforcement of Maastricht.

Author Biography

James D. Savage is author of Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht; Funding Science in America: Congress, Universities, and the Politics of the Academic Pork Barrel; and Balanced Budgets and American Politics. He has written articles appearing in such journals as the Journal of Politics, Legislative Studies Quarterly, Comparative Political Studies, and Public Administration Review. He is the recipient of the APSA's Harold D. Lasswell dissertation prize, Olin-Bradley post-doctoral fellowship at Harvard University, Council on Foreign Relations International Affairs fellowship, Fulbright-European Union Affairs fellowship, and other fellowships and awards. James D. Savage is currently Professor of Politics, University of Virginia.

Table of Contents

Enforcing Maastricht: The Significance of Treaty Surveillance

Treaty Delegation and the Institutional Structure of Surveillance

Designing a Compliance Information System: ESA and the Techniques of Surveillance

European Statistical Case Law for Stage II of Convergence 1994-97

European Statistical Case Law for Stage III Monetary Union 1998-2004

Credibility, Institutionalization, and Europeanization

Appendix: Other Eurostat Sage II Decisions 1995-97

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