Reform Proposals for the Stability and Growth Pact - Sciences Po Access content directly
Reports Year :

Reform Proposals for the Stability and Growth Pact

Abstract

The European "sovereignty paradox" may be summarized as follows: National States and/or the European Parliament, that are the instances in which resides the democratic legitimacy to implement policies and to react to events affecting the economy, are not endowed with the instruments to act or react. The authorities that are actually empowered to act (as the ECB for monetary policy, or the European Commission for fiscal and competition policy), on the other hand, lack the legitimacy needed to use their power to implement policy. Thus we have on one side legitimacy without power, and on the other power without legitimacy (...).
Fichier principal
Vignette du fichier
fitoussi-briefing-paper-nov2004.pdf (121.97 Ko) Télécharger le fichier
Origin : Files produced by the author(s)

Dates and versions

hal-00972795 , version 1 (22-05-2014)

Identifiers

  • HAL Id : hal-00972795 , version 1
  • SCIENCESPO : 2441/1381

Cite

Jean-Paul Fitoussi. Reform Proposals for the Stability and Growth Pact. 2004. ⟨hal-00972795⟩
62 View
71 Download

Share

Gmail Facebook Twitter LinkedIn More