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Authors
Advisor(s)
Abstract(s)
The Portuguese sovereign debt crisis reproduces a pattern which is
persistent in Portugal’s liberal and democratic ages. In the future, that pattern
and the ensuing foreign interventions should be imperatively avoided. There
are several explanations regarding what caused the Portuguese crisis, but fiscal
indiscipline is a certain and important cause. Researching the most adequate
solutions should involve Political Economics and, namely, examining the
Portuguese politicians’ structure of incentives which results from domestic and
European norms and from the social, economic and institutional context. The
recent Treaty on Stability, Coordination and Governance in the Economic and
Monetary Union is examined from the point of view of that structure of
incentives.
Description
Keywords
Sovereign debt crisis Public finances discipline Budgetary deficit Budgetary pact Credibility test
Citation
CAMPOS, Manuel Fontaine - A crise e a regulação internacional e europeia: O pacto orçamental como solução para a crónica indisciplina financeira do Portugal democrático?. In Encontro de Professores Portugueses de DIREITO PÚBLICO, VI, Porto, Portugal, 25-26 Janeiro, 2013. GONÇALVES, Pedro …[et al.] (coord.) - A Crise e o Direito Público - VI Encontro de Professores Portugueses de DIREITO PÚBLICO. Lisboa: ICJP, Faculdade de Direito da Universidade de Lisboa. ISBN 978-989-97834-7-8. p.81- 94
Publisher
Escola de Direito da Universidade Católica Portuguesa