Economic governance package explained

Last autumn the EU agreed to tighten financial supervision in the private sector, in an effort to head off any future financial crisis, now the public sector is under the spotlight as the European Parliament tackles dangerous imbalances in EU economies and considers new rules meant to limit the growth of debt and deficits in the member states. Four of the proposals aim to strengthen the Stability and Growth Pact (SGP) and budgetary surveillance, while the remaining two focus on monitoring and controlling macro-economic imbalances within the EU.

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