Steps towards a European Fiscal Union: Has the revised Stability and Growth Pact delivered so far?
Since 2008-09, the European Union (EU) experienced two major economic crises revealing all the flaws of the existing model of economic governance.By leaving the majority of the countries with high levels of deficit and public debt, the two crises have shown that the Economic and Monetary Union Jacket (EMU) is indeed an unfinished project where the