Working Paper regarding Fiscal Compact released

The German Council of Economic Experts released today the English translation of the Working Paper 8/2013 by Heiko T. Burret and Jan Schnellenbach: „Implementation of the Fiscal Compact in the Euro Area Member States“, partly updated in contrast to the German version. The objective of this survey is twofold. On the one hand, the expertise presents the status quo of the implementation of the Fiscal Compact on the national and sub-national level in the Euro area member states. On the other hand, the expertise points out potential loopholes in the budget rules and in the correction mechanisms in particular

English version

German version