作者：周茂荣

Abstract: At present the whole financial and economic situation is worsen in Europe, How to evaluate the content and the implementation of the current fiscal rules of European Union has triggered much argument in the academic circle. This paper criticize the concrete clause of the fiscal constraint rules under the framework of the Maastricht Treaty and the Stability and Growth Pact from four perspectives : (1) the quantitive fiscal convergence criterion is arbitrary and  inconsistent ,which will threaten the fiscal policy ability and induce the pro-cyclical fiscal policy in the member states; (2) the political promise to keep fiscal balance or surplus in the medium term the is unreliable and will reduce the public investment ;(3) the excessive deficit procedure rule is obscure and its enforcement is infirm; (4) the current fiscal