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Le Pacte européen de stabilité à l’épreuve du défi climatique et du bouleversement géopolitique

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  • Alain Buzelay

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

In order to avoid distortions that run counter to its smooth operation, the European Union has budgetary convergence procedures - hence the introduction of a Stability Pact. But this pact, which had been strengthened in response to several Member States exceeding these thresholds, had to be suspended from 20 March 2020 to 1 January 2024. This situation necessitated a reform, which was finally accepted by the Member States on 20 December 2023. While the consensus that made this possible is a source of disappointment, it represents progress that, however insufficient, has avoided failure and saved the minimum political credibility that is essential for the budgetary authorities

Suggested Citation

  • Alain Buzelay, 2024. "Le Pacte européen de stabilité à l’épreuve du défi climatique et du bouleversement géopolitique," Post-Print hal-04542015, HAL.
    • Handle: RePEc:hal:journl:hal-04542015
    Note: View the original document on HAL open archive server: https://hal.science/hal-04542015
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