1. The Stability and Growth pPact
... fiscal positions. The SGP itself consists of 3 components: i) 2 European Council regulations (1466 and 1467/97); ii) a resolution/directive (17/6/97, #26); and iii) an opinion of the monetary committee ("Opinion on the content and format of stability and convergence programmeprograms", 12 October, 1998). The pact consists of the two Council regulations, with the resolution as a confirmatory measure and the opinion as ... 99 of the Treaty on European Union. The stability programmeprograms have to contain a medium-term objective for fiscal policy with the budgetary position close to balanc...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate