#treatyofmaastricht — Public Fediverse posts

@GhostOnTheHalfShell

#Economics #PublicFinances
#US #EU #ConvergenceCriteria

(1/n)

I'd say, in the EU, this is common knowledge, also among #fiscal politicians.
The EU even has statuory limits for state indebtedness within the so-called #ConvergenceCriteria, agreed upon in the #TreatyOfMaastricht in 1991, which are even policed and can and have been also sactioned with fines:

"Article 126 sets out the #ExcessiveDeficitProcedure...

1. the ratio...
@economics-that-works