2015

Implications of Fiscal Pact on domestic law - Alexandru Șotropa
Abstract: The balanced budget rule is an important step in the consolidation process of the euro zone. The interdependence of the member states stresses the need for clear rules for public budgets. This principle forces the states to balances their expenditure and incomes in such a manner that it will not affect other countries. The implementation of this principle in national law created an intense debate about national sovereignty, the use of public money and the evolution of the EU. All in all, good intentions must be taken into consideration when assessing the most important principle of a budget.

Key notes: Fiscal Pact, balanced budget rule, European Union

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