Ruling Europe
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The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact''s Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of...
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The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact''s Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of...
Read more