The basic assumptions of the reform of European financial law aimed at limiting the growth of public debt and deficit Cover Image

Podstawowe założenia reformy europejskiego prawa finansowego służące ograniczaniu wzrostu długu i deficytu publicznego
The basic assumptions of the reform of European financial law aimed at limiting the growth of public debt and deficit

Author(s): Krystyna Nizioł
Subject(s): Economic policy, Government/Political systems, Law on Economics, Fiscal Politics / Budgeting, EU-Legislation
Published by: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
Keywords: European financial law; public debt and deficit; EU; EU budgetary policy;

Summary/Abstract: The aim of this paper is to analyze the planned changes in European financial law, whose purpose is to restore balance and control over the public finances of Member States of the European Union. The problem of rising debt among EU countries made it necessary to review existing and new regulations seeking to strengthen control over the level of public debt, the pace of its growth and the causes of this phenomenon. Accordingly, at EU level, particularly in the countries of the Economic and Monetary Union, reform of economic governance is to be implemented, the elements of which are also covered related to the strengthening of supervision of EU budgetary policy (e.g. strengthening Stability and Growth Pact, measures taken to detect, prevent and correct macroeconomic imbalance.

  • Issue Year: 7/2011
  • Issue No: 1
  • Page Range: 341-352
  • Page Count: 12
  • Language: Polish