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The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a three 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 procedure has on the making of the EMU and the enforcement of Maastricht.

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Book Details

ISBN: 9780199238699
ISBN-10: 0199238693
Format: Paperback
(223mm x 145mm x 17mm)
Pages: 256
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 6-Dec-2007
Country of Publication: United Kingdom

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Author Biography - James D. Savage

James D. Savage is author of Making the EMU: The Politics of Budgetary Surveillance and The Enforcement of Maastricht (Oxford Univ. Press); Funding Science in America: Congress, Universities, and the Politics of the Academic Pork Barrel (Cambridge Univ. Press); and Balanced Budgets and American Politics (Cornell Univ. Press). Articles appearing in such journals as the Journal of Politics, Legislative Studies Quarterly, Comparative Political Studies, and Public Administration Review. Receipient of the APSA's Harold D. Lasswell disseration prize, Olin-Bradley post-doctoral fellowship at Harvard University, Council on Foreign Relations International Affairs fellowship, Fulbright-European Union Affairs fellowship, and other fellowships and awards. James D. Savage is currently Professor of Politics, University of Virginia.

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