01696cas a2200241 a 4500 AALejournalIMF000313 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974034 1934-7456 BD-DhAAL BD-DhAAL Kopits, George. Are Europe's Social Security Finances Compatible with EMU? / George Kopits. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (26 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Pursuant to the Treaty of Maastricht, members of the European Union (EU) intend to participate in the Economic and Monetary Union (EMU), in part through convergence toward specified limits on the overall deficit and gross debt of general government. The paper argues that in several EU members, the financial imbalance of social security institutions may constitute an impediment to meeting these requirements. Given a constraint on further payroll tax increases, most countries will need to undertake major reform of public pension and health-care systems, to ensure adherence to the EMU fiscal criteria in the medium to long run. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1997/003 Full text available on IMF http://elibrary.imf.org/view/journals/003/1997/003/003.1997.issue-003-en.xml IMF e-Library