1. The Stability and Growth pPact
... 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 a clarification for purposes of implementation. The first Council regulation (1466/97) strengthens the surveillance and monitoring of fiscal stance based on Article 99 of the Treaty on European Union. The stability programmeprograms have to ... those heavily-indebted member states. This emphasis on the budget deficit carried over ...
- Word Count: 1678
- Approx Pages: 7
- Grade Level: Graduate