The Commission’s proposals are not a suitable way of further developing the common fiscal framework such that is characterised by greater transparency and binding force. Instead, there is a danger that fiscal limits will be softened, and that the process of determining them will become almost entirely opaque. The reduction of high debt ratios could thus be considerably delayed in line with the rules.
Stigler, “The Early History of Empirical Studies of Consumer Behavior”, Journal of Political Economy 62, 1954, 95–113; G. Del Vecchio, “Relazioni fra entrata e consumo”, Giornale degli economisti 54 (n.s. ), 1912, 111–142, 228–254, 389–439. Del Vecchio did not use Italian data, because individual budgets were relatively scarcer for Italy than for France or Germany.