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Image header Agence Europe
Europe Daily Bulletin No. 8778
Contents Publication in full By article 12 / 33
GENERAL NEWS / (eu) eu/stability pact

Commission's proposals offer more freedom of judgement in monitoring and co-ordination of budget polices - First positive reactions

Brussels, 03/09/2004 (Agence Europe) - The anticipated proposal by the European Commission on 3 September to clean up the Stability Pact stresses a better interlinking of the budgetary framework with economic governance instruments (see EUROPE of 2 September, p.10). The preventive plank of the Stability and Growth Pact (SGP) is to be bolstered, by using collegial pressure and national approval of the joint economic guidelines. Increased importance will be granted to each country's own...

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