Tag: stability and growth pact

On 7 May, the Commission gave France until October to take "necessary steps" to reduce its rising government deficit.

By adopting three reports on economic stability and growth in the EU on 12 March, the Parliament has underlined its committment to creating a "climate of confidence" in the European economy.

In view of the EU's Spring Summit, the leaders of the UK, Germany and France expressed their intention to put Europe back on the Lisbon track.

In two critical reports in preparation of the Spring Summit, the Commission castigated Member States for failing to implement the necessary economic and social reforms.

Designed to boost growth while taking into account the individual Member States' levels of debt, the Commission announced plans on 27 November to interpret more flexibly the EU-wide economic guidelines of the Stability and Growth Pact.

During the Eurogroup meeting on 4 November France and Germany jointly called for the EU stability and growth pact to take more account of inflation and unemployment.

In its six-month Economic Outlook UNICE concludes that Europe has no choice but to adapt its market to achieve a stronger and competitive position in line with the Lisbon strategy.

An interview by Commission President Romano Prodi in Le Monde has led to new confusion over the future of the EU's Stability and Growth Pact. More and more commentators are speculating that the "rigid" budget rules of the Pact could be heading for a serious revision