La politique budgétaire de l'Union européenne dans la crise financière mondiale

Fiscal Policies of European Union in Global Financial Crisis Process

Abstract

In the United States of America, financial crisis which started in 2007 and deepened in 2008, has spread to other economies by financial markets, its effect has led to a global recession in many regions of the world including especially European Union. Like other countries, European Union countries affected by the crisis, applied a number of prevention policies primarily fiscal and monetary to stimulate their economies. Some of these are expansionary fiscal policy measures within scope of fiscal stimulus packages including government spending increases and various tax reductions. However, coordination in crisis period and seeking of common policy of European Union are complicated by difference between measures taken by countries. This case has been observed especially in tax policies.

Introduction

Through economies of the world by influencing the financial markets from 2008 axis from the deepening financial crisis in the United States results has emerged as a global recession. Negative effects of the crisis in the economy reduction in the quest countries have turned to expansionary fiscal policy. European Union countries, fiscal stimulus packages in the name of public spending increases and various tax deductions in the form of applications entering the expansionary fiscal policies after a period of budget deficits, and thus the governments' borrowing going to has led to. Euro will negatively affect the stability and integration which a "fiscal crisis" has become. In this context, the deepening of the financial crisis in the European Union in ensuring financial stability in the prevention and will be implemented during the crisis is increasing the importance of tax policy.

The tax policies of the European Union member countries in crisis to get out of the recession of the governments of the various tax rate reductions is increasingly concerned efforts to revive markets. On the other hand the same government markets bracing tax policy while executing the budget deficit deepened the problem will not, therefore, in public revenues leads to a reduction and even tax harmonization studies not ignore an approach to adopt seem necessary. For this reason, the global financial crisis that emerged in the European Union in the process of changes in tax policy and the impact of these changes on the discussion of the process of integration has become important.

This study applied in European Union countries during the crisis of tax policy and the unity of this policy throughout the state for the intended purpose of the evaluation is intended to address. The roles of tax policy in times of crisis to reveal the causes of intervention in the economy with tax are described. Member countries have different tax measures and their compliance with the intended purpose of the discussion of unity across both countries as well as the union was generally requires consideration of the arrangements. For this reason, the aim pursued in the European Union in the field of tax and fiscal coordination, putting forward the idea of the general framework for the tax was assessed.

Theoretical background

Euro Zone "which is included in the member states a common currency, the Euro" to be used and in these countries the monetary policy of the European Central Bank (ECB) through a single hand being implemented and said the country's economy each other tightly to be connected and a Euro Zone country negative developments occurring in other

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