1. The Stability and Growth pPact
... SGP eventually agreed upon in Amsterdam [reference unclear; not Dublin?] included a specified process for identifying and correcting excessive budget deficits, with a procedural timetable and ultimately the imposition of fines to ensure that monetary union in the EU was accompanied by a high degree of convergence in fiscal positions. The SGP itself consists of 3 components: i) 2 European Council regulations (1466 ... the excessive deficit procedure. It also implements a system of non-interest bearing deposits for transgression of the guidelines or non-implementation of EU recommendations ...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate