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Fiskální kompakt a jeho dodržování v zemích EU
Hýsková, Kateřina
Hýsková, K. Fiscal Compact and its compliance in EU countries. Bachelor thesis. Brno: Mendel University, 2023. The bachelor's thesis aims to evaluate whether and to what extent EU member countries comply with the fiscal rules established by the Fiscal Compact. The work analyzes individual forms of different budget rules and their advantages and disadvantages. Subsequently, the thesis focuses on the development of fiscal coordination within the EU, which preceded the creation of the Fiscal Compact. It focuses more on the content and definition of the Fiscal Compact and observes its implementation in EU countries since 2013. The output of the work is an evaluation of the success rate of compliance with the established rules.
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Examining Governmentality of the Fiscal Compact
Fukatsch, Pavol ; Ditrych, Ondřej (advisor) ; Karlas, Jan (referee)
Sovereign debt crisis is a major event in the history of European monetary and fiscal integration. On the one hand, the crisis has shown weak points of monetary and fiscal governance, but on the other it has proven to lead to more integration in this sector. One of the solutions which led to more integration and was meant to prevent another crisis is the Fiscal Compact. The goal of the Fiscal Compact was to update the "rules of the game" to better fit the reality of post-crisis Eurozone. Crises can unfold and uncover governmentality patterns; the goal of the diploma thesis is to reconstruct these patterns using Foucaldian governmentality conceptual toolbox. The thesis will use the concept of political technologies and techniques to interrogate speech by Mario Draghi that he delivered at the Ludwig Erhard lecture in 2011. Following the identification of political techniques and technologies reflecting ordoliberalism, the thesis will continue with an analysis of microsites of fiscal councils. The goal of the analysis of microsites is to trace the operation of governmentality in the fiscal domain. The overreaching goal of the analysis is to problematize a view, postulating that the solution to the sovereign debt crisis reflects sovereign power.
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Differentiated integration in the EU : the British approach to EMU fiscal rules
Šimunská, Petra ; Rovná, Lenka (advisor) ; Šlosarčík, Ivo (referee)
The thesis focuses on the British approach to EMU fiscal rules. Theoretical and conceptual framework is based on the theory of differentiated integration dealing with a various forms of closer cooperation among EU Member States. The research is built on the theoretical approach as described by Frank Schimmelfennig, Dirk Leuffen and Berthold Rittberger. Authors provide an analysis of conditions of differentiated integration within the EU. The aim of this thesis is to answer the question of why the United Kingdom decided not to participate in the fiscal compact and, consequently, did not allow further differentiated integration within the treaties (which led to an arrangement outside the EU legal framework) while accepting the initial fiscal rules agreed in the 1990s as well as other crisis reforms of EU fiscal governance. The first part describes Maastricht and SGP fiscal rules and analyses both the UK's position within EMU and the SGP provisions applied to the UK. The next chapter examines the British approach towards both the SGP revisions and the Euro Plus Pact. The third part analyses the new fiscal compact and explains why the UK decided to use the veto. In conclusion, the thesis provides an answer to the research question as set down in the introduction.
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The Development of budget responsibility in EU Member States
KLOUDOVÁ, Veronika
In my thesis I have dealt with the issue of Fiscal Responsibility in the EU, especially the position the EU Member States have on this issue. The first part defines the Budget responsibility and Fiscal policy at the level of the Czech Republic and level of European Union. There has been mainly described and analyzed the Stability and Growth Pact, and the Fiscal compact. The second part has been devoted to evaluation of individual member states and described how the legislative acts are used for effort to reach sustainable finances contributing to the overall generally maintain Responsible and Fiscal policy. At the end its summarized and compared the evolution of public debt and budget deficits and also characterized their independent Financial institution.
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Comparation analisys of the Visegrad groups states development of the public sector debt from 2004 to 2014
Vyčítal, David ; Ševčíková, Michaela (advisor) ; Klement, Josef (referee)
This work focuses on the analysis and comparison of the Visegrad groups states development of the public sector debt from 2004 to 2014. The subject of the theoretical part is the public debt which includes the public budget, deficit and public revenue and expenditure. The theoretical part further explains stability evaluation connected with credit rating, the Maastricht criteria and the Fiscal compact. The work concludes that the largest problem with economies of the Visegrad group has Hungary. The data is based on the significant impact on public debt have public deficits that arise due to mismanagement. The essential problem, namely Hungary, is the low stability of the economy, which significantly responds to global economic problems.
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Coordination of Economic Policies of EU Focusing on The Visegrad Group Countries
Dvořák, Pavel ; Bič, Josef (advisor) ; Hnát, Pavel (referee)
This thesis examines the process of coordination of economic policies of the European Union on the example of the Visegrad countries. The introductory chapter describes the development of the economic policy coordination, discusses the key legal documents that most affected the process of coordination, and assesses the importance of the coordination for the European integration . The second chapter focuses on the latest changes in the legislation relating to the coordination of economic policies. The last chapter describes the influence of the most essential tools for coordinating the countries of the Visegrad Group. Assesses the extent differences involvement Slovakia coordination process, as the only state that groups that have adopted the euro . Assesses the impact of the crisis on developing coordination and lightly touching the issue of the future adoption of the euro in the countries of the Visegrad Group, which still use the national currency.
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Analysis of current development in the Eurozone and its possible future development
Leopoldová, Lucie ; Čajka, Radek (advisor) ; Bolotov, Ilya (referee)
The aim of this thesis is an analysis of the current sovereign debt crisis in the Eurozone. In the first part the establishment of the Euro area is described and the key events which preceded it. Subsequently, the paper discusses the the origin and causes of the crisis in general and then in particular, in the most indebted countries in the Eurozone. The second part concerns about current development of the situation, including measures approved to stop the crisis. Last chapter analyses the possible solutions of the crisis and the direction, in which the Eurozone, or more precisely Europe, might head towards.
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