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 crises—the euro crisis, the COVID-19 pandemic, and Russia’...