CONSIDERATIONS CONCERNING THE EUROPEAN FISCAL PACT

Abstract

The economic and financial crisis has generated and is still generating serious problems to many governments worldwide but particularly in the European Union countries. There are more and more obvious the concerns about the reimbursement of debts, adoption of the measures necessary to keep under control public expenses, trying, at the same time to find the appropriate measures for promoting the economic growth. The Treaty on Stability, Coordination and Governance in the European and Monetary Union aims precisely to solve these problems. We will insist in this work over the provisions of the Treaty, the actual situation in the EU member states and particularly of Romania, including the consequences of the application of this Treaty.