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    Are Europe's Social Security Finances Compatible with EMU?
    Unavailable
    Are Europe's Social Security Finances Compatible with EMU?
    Unavailable
    Are Europe's Social Security Finances Compatible with EMU?
    Ebook33 pages16 minutes

    Are Europe's Social Security Finances Compatible with EMU?

    By George Kopits

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Pursuant to the Treaty of Maastricht, members of the European Union (EU) intend to participate in the Economic and Monetary Union (EMU), in part through convergence toward specified limits on the overall deficit and gross debt of general government. The paper argues that in several EU members, the financial imbalance of social security institutions may constitute an impediment to meeting these requirements. Given a constraint on further payroll tax increases, most countries will need to undertake major reform of public pension and health-care systems, to ensure adherence to the EMU fiscal criteria in the medium to long run.

    LanguageEnglish
    PublisherINTERNATIONAL MONETARY FUND
    Release dateMar 1, 1997
    ISBN9781455251810
    Unavailable
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