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  • The fiscal profligacy of many EU members in the past has become a challenging test of resistance of the integration process. European Union only by exerting their political forces faced a risk if not the collapse of the Eurozone and the bankruptcy of at least some of its members. The ongoing %22hunt%22 for indebted eurozone countries threatened its very existence and forced policymakers, but also central bankers to find hectic and under pressure accepted solutions. The lessons learned from the recent economic, financial and debt crisis have led to reforms of the EU's economic governance rules, introducing new surveillance systems for economic and in particular fiscal policies in member countries including timelines (called European Semester). One of the implemented treatments is the mechanism of warning indication of macroeconomic imbalances. This paper assesses the effects resulting from three years of therapy.
  • The fiscal profligacy of many EU members in the past has become a challenging test of resistance of the integration process. European Union only by exerting their political forces faced a risk if not the collapse of the Eurozone and the bankruptcy of at least some of its members. The ongoing %22hunt%22 for indebted eurozone countries threatened its very existence and forced policymakers, but also central bankers to find hectic and under pressure accepted solutions. The lessons learned from the recent economic, financial and debt crisis have led to reforms of the EU's economic governance rules, introducing new surveillance systems for economic and in particular fiscal policies in member countries including timelines (called European Semester). One of the implemented treatments is the mechanism of warning indication of macroeconomic imbalances. This paper assesses the effects resulting from three years of therapy. (en)
Title
  • The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects
  • The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects (en)
skos:prefLabel
  • The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects
  • The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects (en)
skos:notation
  • RIV/61989100:27510/13:86088327!RIV14-MSM-27510___
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  • 60033
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  • RIV/61989100:27510/13:86088327
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  • In-Depth Review; Country Specific Recommendations; Alert Mechanism; European Semester; Economic Governance; Fiscal Discipline; Macroeconomic Imbalance (en)
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  • [C96360CB5A17]
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  • Smolenice
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  • Bratislava
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  • Medzinárodné vzťahy 2013 : aktuálne otázky svetovej ekonomiky a politiky : zborník príspevkov z 14. medzinárodnej vedeckej konferencie : Smolenice, December 5 – 6, 2013. 3. časť, M - Sta
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  • Navrátil, Boris
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  • Ekonóm
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  • 978-80-225-3802-2
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  • 27510
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