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21 Nov - "Member States and Fiscal Discipline within the Eurozone: a comparison between France and Italy" Lecture by Francesco Martucci,Université Panthéon-Assas Paris II, France

The visit of Francesco Martucci is organised in collaboration with Federico Casolari from the Department of Legal Studies.

Nov 21, 2019 from 01:00 PM to 03:00 PM

Where Sala Rossa, Palazzo Marchesini, via Marsala 26, Bologna (first floor)

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The Member States whose currency is the euro are subject to fiscal discipline. Pursuant to Article 126 TFUE, they shall avoid excessive government deficits. In order to ensure the effectiveness of fiscal discipline, the EU Legislator has adopted the Stability and Growth Pact which has been amended by the Six Pack and the Two Pack. The primary  and secondary law provide a legal framework for  economic policy which forms the so-called economic governance. Accordingly, while  fiscal competence remains with the  Member States, the EU institutions shall control  national budgets. The level of constraint imposed to Member Stateds depends on public debat. The higher the public debt, the more pressure the EU puts on Member States. The 2019 and 2020 budgets are typical examples of such a pressure, especially for France and Italy, two of the the most heavily indebted countries of the euro zone. After a presentation of the constitutional framework of the economic governance, the conference will focuse on the examples of France and Italy.