THE BASIC ASSUMPTIONS OF THE REFORM OF EUROPEAN FINANCIAL LAW AIMED AT LIMITING THE GROWTH OF PUBLIC DEBT AND DEFICIT
<p>The aim of this paper is to analyze the planned changes in European financial law, whose purpose is to restore balance and control over public finances of Member States of the European Union. The problem of rising debt among EU countries made it necessary to review existing and new regulati...
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| Format: | Article |
| Language: | English |
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Uniwersytet Mikołaja Kopernika
2011-12-01
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| Series: | Ekonomia i Prawo. |
| Online Access: | http://apcz.umk.pl/czasopisma//index.php/EiP/article/view/530 |
| Summary: | <p>The aim of this paper is to analyze the planned changes in European financial law, whose purpose is to restore balance and control over public finances of Member States of the European Union. The problem of rising debt among EU countries made it necessary to review existing and new regulations seeking to strengthen control over the level of public debt, the pace of its growth and the causes of this phenomenon. Accordingly, at EU level, particularly in the countries of the Economic and Monetary Union is to be implemented reform of economic governance, whose elements are also covered related to the strengthening of supervision of EU budgetary policy (e.g. strengthening Stability and Growth Pact, measures taken to detect, prevent and correct macroeconomic imbalance.</p> |
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| ISSN: | 1898-2255 2392-1625 |