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Image header Agence Europe
Europe Daily Bulletin No. 10456
GENERAL NEWS / (ae) eu/economy

Agreement finally reached on changes to Stability and Growth Pact

Brussels, 20/09/2011 (Agence Europe) - At a three-way institutional negotiating meeting on Tuesday 20 September (see EUROPE 10455), MEPs and the Polish Presidency confirmed their agreement in principle on changes to the Stability and Growth Pact (SGP). The new rules tighten up budget discipline by introducing the option to issue sanctions at an early stage if a eurozone country spends too much - sanctions which would force it to follow a public debt reduction programme decided in advance for...

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