Common Contracts
1 similar null contracts
Stability and Growth PactSeptember 16th, 2015
The nineteen EU members that use the Euro as their currency agree to keep the amount they spend and borrow under control in order to help create stable conditions for the new currency. This agreement is called the Stability and Growth Pact (SGP). However, several Eurozone members have not kept to the rules, so the SGP was reformed in 2005 to allow countries more flexibility and again in 2011 to tighten the rules. Given the uneven performance of the new currency, the failure of the original SGP has been widely criticised.
