The fiscal-budgetary policies of the Central and Eastern European countries on the road to Euro adoption Cover Image

Politicile fiscal-bugetare ale ţărilor din Europa Centrală şi de Est în contextul pregătirii pentru adoptarea Euro
The fiscal-budgetary policies of the Central and Eastern European countries on the road to Euro adoption

Author(s): Irina Bilan
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: fiscal-budgetary policies; Central and Eastern European countries; the Maastricht Treaty; the Stability and Growth Pact; real convergence

Summary/Abstract: This paper intends to analyze the constrictions to which the fiscal-budgetary policy of the member states of the European Union is subject in the process preparing the implementation of euro, highlighting particular aspects for the Central and Eastern European countries. The first part focuses on the presentation of the European fiscal framework and the extent to which the fiscal-budgetary policy of the new member states have adapted to its requests. The second part of the paper focuses on the role of the budgetary policy in the achievement of the real convergence process, highlighting the challenges generated by the fact that sustained efforts will be necessary in the future, especially in the Central European states.

  • Issue Year: XV/2009
  • Issue No: 15
  • Page Range: 149-155
  • Page Count: 7
  • Language: English