The Fiscal Governance of the European Union
Overcoming the Stability Paradigm?
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Beschreibung
“After finishing this book, readers will end up with a better grasp of fiscal
governance but also learning more about the EU itself. A must read for anyone
who wishes to understand European integration.”
—Amy Verdun, Professor, University of Victoria, Canada and Leiden University,
Netherlands
“Based on a timely and insightful analysis, this book offers a comprehensive
exploration of the evolving landscape of EU fiscal regulation.”
—Christoph Knill, Professor, Ludwig Maximilian University of Munich, Germany
This book provides a comprehensive examination of the fiscal governance of the
European Union (EU) from the Maastricht Treaty (1992) to the reform of the
Stability and Growth Pact (2024) and the new wave of ‘defence spending’ in
Europe in 2025. It shows how and why the stability paradigm of Economic and
Monetary Union has changed across three major crises – the euro crisis, the
COVID-19 pandemic, and Russia’s invasion of Ukraine – and as a compromise
between different fiscal ideas supported in particular by Germany, France and
Italy. Since the intricate set of fiscal rules has become increasingly more flexible
to allow for additional spending both at the national and the European level, the book
investigates to what extent the original stability paradigm has been replaced by
a new fiscal paradigm. It examines the drivers behind crucial moments of fiscal
change and reflects upon the implications for the future of the EU. The book will
appeal to scholars, practitioners and students of EU fiscal integration in political
science, public administration, and law.
Tiziano Zgaga is Researcher at the LMU Munich, Germany. He is the
Principal Investigator of the three-year project (2025-2028) “Towards a post-
pandemic fiscal union? Differentiated member state governance of EU money:
the National Recovery and Resilience Plans” (EUMONEY), financed by the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation).
This book provides an in-depth analysis of the fiscal governance of the European Union (EU) from the Maastricht Treaty (1992) to the reform of the Stability and Growth Pact (2024) and the new wave of defence spending in Europe in 2025. It shows how and why the stability paradigm of Economic and Monetary Union has changed across three major crises—the euro crisis, the COVID-19 pandemic, and Russia’s invasion of Ukraine—as a result of compromises between competing fiscal ideas, particularly those supported by Germany, France, and Italy. As the complex framework of fiscal rules has become increasingly flexible to allow greater spending at both the national and European level, the book examines the extent to which the original stability paradigm has been replaced by a new fiscal paradigm. It focuses on the drivers of key moments of fiscal change and reflects on their implications for the future of the EU. The book will appeal to scholars, practitioners, and students interested in EU fiscal integration in political science, public administration, and law.
Provides a comprehensive analysis of EU fiscal integration from 1992 to 2025 Examines the positions of the three largest European member states—Germany, France and Italy—on EU fiscal governance Explains the EU fiscal paradigm across the euro crisis, the COVID-19 pandemic and Russia’s invasion of Ukraine
Autor*in
Tiziano Zgaga
Themen in »The Fiscal Governance of the European Union«
Fiscal integration EU Fiscal policy Fiscal administration Federalism
Stimmen zu »The Fiscal Governance of the European Union«
“Tiziano Zgaga has written an excellent book on fiscal regulation in the European Union (EU). It offers an up-to-date account of economic governance in the domain of EU fiscal policy, that covers the most recent developments, where the fiscal regulation paradigm is increasingly being challenged by security threats and rearmament policies. This book nicely chronicles the developments throughout the decades and provides the reader with different member states’ ideas about how to advance European fiscal integration. Seeking to make sense of the unusual path the EU has taken over the decades, after finishing this book, readers will end up not only understanding fiscal governance but also learning more about the EU itself. It is a must-read for anyone who wishes to understand European integration.” (Amy Verdun, Professor of Political Science, University of Victoria and Leiden University)
“Based on timely and insightful analysis, this book offers a comprehensive exploration of the evolving landscape of EU fiscal regulation. With an in-depth examination of evolving policy paradigms from the Maastricht Treaty to the 2024 Stability and Growth Pact reform, this book unpacks the intricate phases of EU fiscal policy—highlighting key moments of transformation and the critical policy ideas driving these changes. By blending historical context with forward-thinking perspectives, the author provides a nuanced framework for understanding fiscal governance in the European Union, making this an essential read for scholars, policymakers, and anyone interested in the future of EU economic policy.” (Christoph Knill, Professor of Empirical Theory of Politics, Ludwig-Maximilians-University Munich)
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