The Fiscal Governance of the European Union

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 crisesthe euro crisis, the COVID-19 pandemic, and Russia's invasion of Ukraineas 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at both the national and European level, the book examines the extent to which the original stability paradigm has been replaced by a new fiscal paradigm.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 statesGermany, France and Italyon EU fiscal governance Explains the EU fiscal paradigm across the euro crisis, the COVID-19 pandemic and Russia's invasion of Ukraine

Autorentext

Tiziano Zgaga is a Postdoctoral Researcher at LMU Munich, Germany. He is the Principal Investigator of the project 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).

Klappentext

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).

Inhalt

1. Introduction.- 2. The fiscal powers of the EU from the beginning to the euro crisis.- 3. The fiscal powers of the EU triggered by the euro crisis.- 4. The fiscal powers of the EU triggered by the COVID-19 pandemic.- 5. The fiscal powers of federal states: Germany.- 6. The fiscal powers of federal unions: Switzerland.- 7. Conclusions.