Bulletin n. 3/2010 | ||
January 2011 | ||
European Economy News |
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Economic governance: the EU gets tough | ||
in European Economy News , October 2010 - Issue 19 , 2010 | ||
The crisis has exposed gaps in the current governance system and showed that existing instruments for economic policy coordination need to be used more fully. The Commission has put forward a comprehensive and coherent package of reforms that will strengthen the Stability and Growth Pact (SGP), particularly through an increased focus on public debt and fiscal sustainability, the extension of surveillance to macroeconomic imbalances and by making enforcement more effective through the use of sanctions and incentives. The Commission also proposes that national fiscal frameworks be strengthened and better aligned with the EU’s new economic governance rules | ||