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Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance

Corina Turșie · Fundația „Sfera Publică XXI” · 2012

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Author / responsible party
Corina Turșie
Publisher
Fundația „Sfera Publică XXI”
Year
2012
ISSN
1221-6720
ISSN
1221-6720
Language
English

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Facing a complex economic, financial and social crisis, maybe the worst crisis in the history of the European Union, putting into question its greatest achievement – the single currency – European Union is also facing a credibility crisis. Though it was designed as a guardian of the Economic and Monetary Union, the Stability and Growth Pact (SGP) failed in fulfilling its tasks, due to strategic opportunistic behavior of member states. After analyzing the causes of SGP failure, this paper presents the newly designed integrated European economic governance architecture, which should be implemented starting with 2012 as an ultimate response to the crisis.

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APA 7

Turșie, C. (2012). Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance. http://www.sferapoliticii.ro/sfera/167/art14-Tursie.php

MLA

Turșie, Corina. "Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance." 2012. http://www.sferapoliticii.ro/sfera/167/art14-Tursie.php.

Chicago

Turșie, Corina. 2012. "Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance.". http://www.sferapoliticii.ro/sfera/167/art14-Tursie.php.

Harvard

Turșie, C. 2012, Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance, Fundația „Sfera Publică XXI”, available at: http://www.sferapoliticii.ro/sfera/167/art14-Tursie.php [Accessed 7 Aug. 2026].

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Resource details

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Title
Stability and Growth Pact - Between Failure and Consolidation in the Context of the Sovereign Debt Crisis. EU's Reform in Public Governance
Author / contributors
Corina Turșie
Publisher
Fundația „Sfera Publică XXI”
Publication year
2012
ISSN
1221-6720
ISSN
1221-6720
Language
English

Subjects

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Stability and Growth Pact; sovereign debt crisis; European economic governance; European Semester; macroeconomic imbalances; surveillance; enforcement
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