Making the EMU
The Politics of Budgetary Surveillance and the Enforcement of Maastricht
Published on 9. December 2004
Book
Hardback
256 pages
978-0-19-927840-4 (ISBN)
Description
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 in Italy 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 first examination 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.
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 first examination 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.
Reviews / Votes
Savage's book is an impressively researched and surprisingly engaging account of a relative arcane subject. It is a convincing application of delegation theory, used to reveal a hitherto unexplored but clearly crucial element in the complicated process leading to the start of EMU's stage III and the application of Stability and Growth Pact rules and Broad Economic Policy Guidelines which form the core of macroeconomic policy coordination in the Euor-zone. * West European Politics * The unique blend of legal and economic expertise, in combination with elite interviews and work shadowing, enables the book to come to an informed and seemingly logical conlusion. I can enthusiastically recommend this contribution to the ongoing debate on the EU's involvement in the harmonization of fiscal and monetary policies. * Journal of Common Market Studies * Savage's careful account of the politics of budgetary surveillance is a must-read for anyone who wants to gain a deeper understanding of how the EU works and the impact of EMU on budgetary practices in the member states. * Perspectives on Politics * James D. Savage's contribution to this debate could hardly be more timely... The author presents the first concise and in-depth analysis of the budgetary surveillance procedure and Eurostat's involvement in its implementation. * Journal of Common Market Studies * Savage presents his empirical evidence in a convincing and readable style...an extremely enlightening book. * Political Studies Review *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Scholars and students of politics and economics, especially those interested in political economy, European politics, comparative politics, EMU, the Maastricht Treaty, and the Stability and Growth Pact
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 18 mm
Weight
552 gr
ISBN-13
978-0-19-927840-4 (9780199278404)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
James D. Savage
Making the EMU
The Politics of Budgetary Surveillance and the Enforcement of Maastricht
Book
12/2007
Oxford University Press
€85.20
Shipment within 15-20 days
James D. Savage
Making the EMU
The Politics of Budgetary Surveillance and the Enforcement of Maastricht
E-Book
12/2004
1st Edition
Oxford University Press
€90.82
Available for download
Person
Professor of Politics and Assistant Vice President for Research and Federal Relations, University of Virginia
Content
1. Enforcing Maastricht: The Significance of Treaty Surveillance ; 2. Treaty Delegation and the Institutional Structure of Surveillance ; 3. Designing a Compliance Information System: ESA and the Techniques of Surveillance ; 4. European Statistical Case Law for Stage II of Convergence 1994-97 ; 5. European Statistical Case Law for Stage III Monetary Union 1998-2004 ; 6. Credibility, Institutionalization, and Europeanization ; Appendix: Other Eurostat Sage II Decisions 1995-97