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Competitiveness Pact is the name given to a, as of yet unpublished ^[1], plan put forward by the German and supported by the French government with the aim of improving the fiscal strength of governments and thus the competitiveness of euro zone countries. The original plan called for six policy changes to be set^[2] as well as for a monitoring system to be implemented to ensure progress. The six objectives are:

abolishing wage indexation
raising pension ages
creating a common base for corporate tax
adopting debt brakes

Although similar in name to the Stability and Growth Pact it is not a official EU agreement or even a finalized strategy, but instead a evolving draft with the aim of balancing the strictness of measures laid out with the palatability of the plan for national governments and their citizens.

References

External links

http://www.reuters.com/article/2011/03/10/us-eurozone-summit-idUSTRE7298KV20110310 http://www.bbc.co.uk/news/world-europe-12368401

[1] ttp://www.ft.com/cms/s/0/b9fe5320-4296-11e0-8b34-00144feabdc0.html

[2] ttp://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=3856661&story_id=18330371

[1]

[2]

@@ Line 4: / Line 4: @@
 *abolishing wage indexation
 *raising pension ages
-*creating a common base for corporate tax
+*creating a [[Tax harmonization|common base]] for corporate tax
-*adopting debt brakes
+*adopting [[Balanced Budget Amendment|debt brakes]]
 Although similar in name to the [[Stability and Growth Pact]] it is not a official EU agreement or even a finalized strategy, but instead a evolving draft with the aim of balancing the strictness of measures laid out with the palatability of the plan for national governments and their citizens.