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Making the EMU
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Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

James D. Savage


The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's leaders be certain that these targets are met? Is a three percent deficit in Belgium equivalent to one in Italy or France? This book explores how the Maastricht Treaty's budgetary surveillance procedure monitors member state budgetary policies, harmonizes their budgetary data, and effectively determines which member states qualified for member status and are subject to the Pact's sanctions. This book pr ... More

Keywords: Maastricht Treaty, Stability Growth Pact, European Union, budgetary surveillance, budgetary data, European Monetary Union

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780199238699
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780199238699.001.0001


Affiliations are at time of print publication.

James D. Savage, author
Professor of Politics and Executive Assistant to the President for Federal Relations, University of Virginia