Structure: Presentation and an ensuing plenary debate with Elisabeth Lentsch, University of Salzburg
Subject: The prevention of unsustainable national fiscal policies shall ensure the stability of the monetary union. Therefore, rules were set out in the EU Treaties. They were specified by the Stability and Growth Pact and its reforms. Future steps shall focus on stronger governance, a euro area fiscal stance, the European Fiscal Board, the mode of implementation of the SGP, tighter EU monitoring rules on national budgets and stricter enforcement of national deficit and debt limits.
In addition, the Treaty on Stability, Coordination and Governance with its core of a debt brake was concluded in the form of an intergovernmental agreement. With its latest initiative on EMU reforms, the Commission brought up a legislative proposal on the incorporation of the substance of the TSCG into the legal framework of the Union.
Programme: Incorporation of the Treaty on Stability, Coordination and Growth into EU law and further ambitions for the SGP