The 'Muting' of the Stability and Growth Pact Articles uri icon

publication date

  • December 2021

start page

  • 73

end page

  • 90


  • 23

International Standard Serial Number (ISSN)

  • 1528-8870

Electronic International Standard Serial Number (EISSN)

  • 2049-7636


  • This article proposes the muting of the SGP, the framework of rules that the EU has implemented since the coming into being of the European Monetary Union in the fiscal domain. It is argued herein that the system is far from being credible, from the perspective of the law-as-credibility paradigm. Therefore, the legal condition of the SGP should be muted. Three proposals to legally mute the SGP are examined in this article. The Open Method of Coordination is used as a useful model that could be followed from now on in the EU fiscal field. The gains in terms of legal credibility would argue in favour of the muting of the SGP and its correlative conversion into an OMC-like system.


  • Law


  • blanchard; credibility; discretion; eu fiscal rules; faming; financial markets; law as credibility; legitimacy; naming; open method of coordination; rules; shaming; stability and growth pact