Excessive deficit procedure definition

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Excessive deficit procedure

Excessive deficit procedure logo #22693(EDP) The EU's Stability and Growth Pact (SGP) is a body of rules governing the coordination of EU countries' fiscal policies. It aims to safeguard sound public finances and has 2 arms. The preventive arm ensures EU countries' fiscal policy is conducted in a sustainable manner. The corrective arm lays down how countries should take action in...
Found on http://eur-lex.europa.eu/summary/glossary/excessive_deficit_procedure.html
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