Changes in Sanction Mechanisms in Light of Treaty on Budgetary Responsibility Cover Image

Proměny sankčních mechanismů ve světle Smlouvy o rozpočtové odpovědnosti
Changes in Sanction Mechanisms in Light of Treaty on Budgetary Responsibility

Author(s): Michal Tomášek
Subject(s): Law, Constitution, Jurisprudence
Published by: Univerzita Karlova v Praze, Nakladatelství Karolinum
Keywords: Stability and Growth Pact; sanctions; reversed-majority voting

Summary/Abstract: Stability and Growth Pact introduced in 1997 a set of sanctions against Member States violating budgetary discipline in Eurozone. Enforcement of sanctions has been a big problem. In 2004 no sanctions were applied against France and Germany violating seriously against Stability and Growth Pact Rules. A reform of Stability and Growth Pact in 2005 did not bring any substantial changes. Only recently a new format of sanctions was introduced including a so-called “reversed majority voting”. The latter was used as wee lint the on budgetary responsibility being criticized for no-compliance with EU Treaties principles.

  • Issue Year: 58/2012
  • Issue No: 1
  • Page Range: 33-41
  • Page Count: 9
  • Language: Czech