Abstract EN:

Since 1992, various important economic and monetary disruptions have occured, such as the break-up of the ems in august, 1993 and the persistence of the economic recession in europe, which can change the scenario anticipated by the maastrich t treaty. These development raise the problem of how appropriate economic policies in europe are in regard to accomplish ing the convergence criteria. The purpose of this study is to determine whether the constraints perscribed for complianc with the convergence criteria set serious limits for states in the decision-making on economic policies and their economic sovereignty. The approach to public finance management is divided into two phases. The first examines the basis for the convergence criteria through analysis of convergence problematics. The second provides the context for the study of their feasibility and possibilities for implementation in the management of public finance in accordance with these b ases. The approach adopted is in both decisional and technical terms. Two major results have been obtained. The first comes from the study. Of the bases which led to introducing the economic concepts of decision bargaining and lobbying; the second is distinguished by the quantity of its mobile money mass and b y its capacity for economic manipulation of markets. The criteria thus have political and economic bases not considered in traditional macroeconomic theories. The second result emanate from analysis of convergence strategies : the treaty ta kes appropriate means away from the states without transferring it to the public institutions of the eu. A theoretical v acuum regarding the eu and the procedures of the emu is created, since traditional theories apply to traditional law sta tes while the eu is a de facto state regrouping some of the former and placed in the international economic and financia l system. With economic sovereignty laminated between the different planes of decision and monetary sovereignty transfer red to independent central banks (except for the uk), the european economic system corresponds to no existing theoretica l model. Individual states and the eu are thus confronted with the task of creating the instruments needed to achieve th e emu and perhaps doing so in a field other than in public finance management.