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Making the Emu: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

Making the Emu: The Politics of Budgetary Surveillance and the Enforcement of Maastricht
The Maastricht Treaty members and the Stability Growth Pact demand that EU member states comply with their famous deficit members and debt requirements of 3 members 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, members and effectively determines which member states qualified for member status members 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, members and what effect the surveillance proceudre has on the making of the EMU members and the enforcement of Maastricht.
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