Fig Leaf or a New Fiscal Era? On the Potential Impact of the European Fiscal Compact by Friedrich Heinemann, Marc-Daniel Moessinger and Steffen Osterloh, Issue 3/2012 of ‘integration’, Institut für Europäische Politik, October 2012
In the current issue of ‘integration’, Friedrich Heinemann, Marc-Daniel Moessinger and Steffen Osterloh ask whether the reform of the Fiscal Compact, comprising both the introduction of strong numerical fiscal rules at national level and a modification of the Stability and Growth Pact (SGP), marks a new era of fiscal governance in the European Union or is just a fig leaf for the lacking fiscal union. Manuel Sarrazin and Sven-Christian Kindler examine the ‘Union method’ as a new mode of governance in the European Union concerning the Euro crisis and the political measures to solve it. They, thereby, compare it with the Community method.
Abstracts of these and the other articles are available here.