search query: @author Stremme, M. / total: 2
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| Author: | Stremme, M. |
| Title: | How important are the fiscal policy convergence criteria? |
| Journal: | Economic Bulletin
1996 : MAR, VOL. 33:3, p. 3-8 |
| Index terms: | ECONOMICS FISCAL POLICY RESEARCH |
| Language: | eng |
| Abstract: | The closer the date on which a decision on participation in European Monetary Union is to be taken approaches, the more pressing is the question as to the rationality of the fiscal policy convergence criteria. This is all the more so in view of the substantial deterioration in the economic situation throughout Europe, which means that even Germany is experiencing difficulties in meeting the fiscal policy convergence criteria set out in the Maastricht Treaty. Last year Germany's budget deficit accounted for 3.5 % of GDP. |
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