Helsinki
Bruxelles
Lisbonne
News and Archives of Jacques Delors
News & Archives from
Jacques Delors
Access
Support the Jacques Delors Institute!
Click here
Subscribe to our newsletter
Subscribe to our newsletter
Read our newsletter
Author
Yves Bertoncini

Yves Bertoncini

Yves Bertoncini has been Director of the Jacques Delors Institute since April 2011. He assists the ...
Search
Themes :
Select ...
Choose a theme
Types :
Select ...
Choose type
Dates :
Select ...
Validate
European Union and Citizens

"Fiscal Compact", sovereignty and austerity

on September 25, 2012, 10:48
Tribune - Yves Bertoncini

While it accounts for only six of the sixteen articles in the "Treaty on Stability, Coordination and Governance" which is due to come into force in the autumn, the European "Fiscal Compact" is arousing contradictory expectations and attracting conflicting criticism with regard to the concepts of stability, sovereignty and austerity. Yves Bertoncini tries to explore these critics in greater depth, in a Notre Europe’s viewpoint bases on three main statements:

1. A Compact symbolising the Europeans' economic and financial interdependence 

2. A safeguard controlling the abuse of public accounts, not their substance 

3. European disciplines that are not necessarily a synonym for austerity


He underlines that it is because they failed to manage their public or private accounts and their competitiveness strategies properly that Spain, Greece, Ireland and Portugal today are having to conjugate restricted sovereignty with enforced austerity. And concludes that in adopting and implementing the "Fiscal Compact", the Europeans are being urged once again to illustrate the virtues of the old proverb "prevention is better than cure".

Contact - Sitemap - Legal - Vacancies
Jacques Delors Institute - 19, rue de Milan - 75009 Paris - Tel. +33 1 44 58 97 97 - Email: info@delorsinstitute.eu
Jacques Delors Institut – Berlin, Pariser Platz 6, 10117 Berlin
Powered by Walabiz
We use cookies on our website.
If you continue to use our website you consent to the use of cookies.