Stability and Growth Pact: Difference between revisions
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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 euro area countries. | It has been through several phases since passage of the implementing secondary legislation in 1997. 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 | 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]] | |||
Revision as of 19:11, 28 August 2014
(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 1997. 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.
