Stability and growth pact/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> Maastricht Treaty in 1992, which sets required limits upon European Union member countries' budget deficits and levels of national debt at...) |
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[[Maastricht Treaty]] | The clause of the [[Maastricht Treaty]] which sets required limits upon European Union member countries' [[budget deficit]]s and levels of [[national debt]] at 3 per cent and 60 per cent of [[Gross domestic product|GDP]] respectively, subject to exceptions covered by the [[excessive deficit procedure]]. | ||
Latest revision as of 07:45, 2 April 2010
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Stability and growth pact [r]: The clause of the Maastricht Treaty which sets required limits upon European Union member countries' budget deficits and levels of national debt at 3 per cent and 60 per cent of GDP respectively, subject to exceptions covered by the excessive deficit procedure.