Stability and Growth Pact: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>John Grout
(To create the entry)
 
imported>Doug Williamson
(Remove old date.)
 
(2 intermediate revisions by 2 users not shown)
Line 1: Line 1:
SGP
(SGP).


The European Union's Stability and Growth Pact is a rule-based framework for the coordination of national fiscal policies in the European Union.
The European Union's Stability and Growth Pact is a rule-based framework for the coordination of national fiscal policies in the European Union.


It has been through several phases since passage of the implementing secondary legislation in 1997. In modern form it particularly affects [[Eurozone]] countries.
It has been through several phases since passage of the implementing secondary legislation. In its modern form it particularly affects euro area countries.


The Pact was complemented and extended by the Fiscal Compact contained within the inter-governmental Treaty on Stability, Coordination and Governance (TSCG) that is binding on Euro area countries and other Member States once they adopt the euro as their currency or voluntarily agree, but it has not been signed by UK or Czech Republic.
The Pact was complemented and extended by the Fiscal Compact contained within the inter-governmental Treaty on Stability, Coordination and Governance (TSCG) that is binding on euro area countries and other Member States once they adopt the euro as their currency or voluntarily agree, but it has not been signed by the UK or the Czech Republic.
 
 
 
== See also ==
* [[Euro]]
 
[[Category:Risk_frameworks]]

Latest revision as of 14:23, 15 November 2017

(SGP).

The European Union's Stability and Growth Pact is a rule-based framework for the coordination of national fiscal policies in the European Union.

It has been through several phases since passage of the implementing secondary legislation. In its modern form it particularly affects euro area countries.

The Pact was complemented and extended by the Fiscal Compact contained within the inter-governmental Treaty on Stability, Coordination and Governance (TSCG) that is binding on euro area countries and other Member States once they adopt the euro as their currency or voluntarily agree, but it has not been signed by the UK or the Czech Republic.


See also