1. The Stability and Growth pPact
... and the assumptions in the programmeprogram, plus measures proposed to achieve the goal and a sensitivity analysis. The programmeprograms are public, and are updated annually. The Council monitors the implementation of the programmeprograms, and if a significant divergence is detected, an "early warning" can be issued to a member state, in the form of a recommendation under Article 99(4) of the Treaty. The second Council regulation (1467/97) speeds up and clarifies the excessive deficit procedure from the Treaty. The pact ... can be scrapped or changed with a qualified majority vote of ...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate