In the current economic situation, regions and cities productive investment should not be subject to the Growth and Stability Pact
In the debate over how to revive crisis-hit economies, countries including France and Italy have called for more flexibility and time in meeting the strict conditions of the Stability Pact
She added: "The terms of the growth and stability pact
have to be respected.
Before the decision, European Parliament president Pat Cox said the EC should take the 'fragile state' of the French and German economies into account -as finance ministers did -when assessing compliance with the so-called stability pact
Will the European stability pact
hold up as a few of the union's members continue to violate its mandate?
Ms Harney said Ireland had a low debt ratio and there was a need for flexibility in the operation of the Growth and Stability Pact
to allow it to borrow to finance the development of infrastructure.
Shortly thereafter, on November 18, 1999, the Stability Pact
for Southeastern Europe endorsed a declaration of 10 regional states to destroy seized and surplus weapons.
Nancy Kontou, member of the Cabinet Commissioner for Enlargement, and Ed Kronenburg, deputy special coordinator for the office of the Stability Pact
of SE Europe, brief symposium attendees on plan to bring new member states into the EU.
The central features of the Stability Pact
provisions regarding the decision procedures, the timing and the size of sanctions are examined in the next section (Section II) of this paper.
Many of the ideas adopted in Brussels coincide with the proposals of Finance Minister Simeon Djankov, enshrined in the so-called Financial Stability Pact