The case of the disappearing Fiscal Compact. CEPS Commentary, 5 November 2014

Following the Commission’s autumn forecast showing that only five euro-area countries exhibit a fiscal balance better than the 0.5% of GDP deficit allowed by the Fiscal Compact, Daniel Gros and Cinzia Alcidi attempt to explain in this new Commentary why there is precious little policy debate over these flagrant treaty violations. They find that it is not possible to put fiscal policy in a legal straightjacket and that the tight rules enshrined in the new Treaty and in national constitutions are discarded as soon as they become politically inconvenient.

The fiscal compact - Europe's "hard core" based on German economic conditions. OSW Commentary No. 71, 2012-03-07

On 2 March, the leaders of 25 EU member states signed the Treaty on stability, coordination and governance in the economic and monetary union. It will introduce new fiscal constraints and officially vest new competences in the eurozone countries. Thus, their right to coordinate economic policy among them will be sanctioned. So far, the Lisbon Treaty has only provided for organisation of informal Eurogroup meetings, to be attended by representatives of the European Commission. The principles introduced by the compact, if the eurozone countries are really determined to observe its provisions, will create a new way of managing the single currency. Within the next few years, the most indebted countries will have to carry out radical reforms to boost their competitiveness and adjust it to German standards. During this period the Federal Republic of Germany will most probably decide to offer higher loan guarantees to relieve these countries’ budgets. The compact’s political consequences are also of great significance, especially considering how the treaty was finalised. The eurozone states have in fact accepted that the direction for changes will be devised by France and Germany, and the role of European institutions such as the Commission or the Parliament may weaken. From the perspective of eurozone candidate countries, the introduction of the fiscal compact means expanding the scope of conditions they must meet to become members of the single currency area. In the future, a country, in order to adopt the single currency, will have to meet the structural deficit criterion, and also most probably carry out economic reforms such as unifying its fiscal system. These goals will be achieved across the eurozone gradually, in the subsequent stages of the economic governance reform.

Using space to represent categories: Insights from gaze position

We investigated the boundaries among imagery, memory, and perception by measuring gaze during retrieved versus imagined visual information. Eye fixations during recall were bound to the location at which a specific stimulus was encoded. However, eye position information generalized to novel objects of the same category that had not been seen before. For example, encoding an image of a dog in a specific location enhanced the likelihood of looking at the same location during subsequent mental imagery of other mammals. The results suggest that eye movements can also be launched by abstract representa- tions of categories and not exclusively by a single episode or a specific visual exemplar.

Driver license compact study: evaluation and recommendations. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Extension of funding and program assistance under the Compact of Free Association : hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Seventh Congress, first session, to receive testimony on negotiations on extension of funding and program assistance under the Compact of Free Association, December 6, 2001.

Shipping list no.: 2002-0182-P.

Minimum wage state compact : report (to accompany S.J. Res. 148).

"May 13 (calendar day, June 21), 1935."

Nonresident violator compact of 1977.

National Highway Traffic Safety Administration, Washington, D.C.

Nonresident violator compact of 1977. Issue paper. Revised ed.

Mode of access: Internet.

Middle Atlantic Interstate Forest Fire Protection Compact to include the state of Ohio; land conveyance in Henderson, TN; and release a revisionary interest of the United States in certain land located in Oktibbeha County, MS [microform] : hearings before the Subcommittee on Forests, Family Farms, and Energy of the Committee on Agriculture, House of Representatives, One Hundredth Congress, second session, on H.R. 2756, H.R. 2835, and H.R. 4724, May 4, 1988 ... September 22, 1988 ....

"Serial no. 100-89."

Baseline test of compact vehicle side structure, 25 mph, 60 degree impact, Torino-to-Volare test no. 1. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Baseline test of compact vehicle side structure 25 mph, 60 degree impact, Torino-to-Volare test no. 2. Final report.

National Highway Traffic Safety Administration, Washington, D.C.