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Euro Plus Pact

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Competitiveness Pact is the name given to a, as of yet unpublished [1], plan put forward by the German and supported by the French government with the aim of improving the fiscal strength of governments and thus the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:

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

  1. ^ http://www.ft.com/cms/s/0/b9fe5320-4296-11e0-8b34-00144feabdc0.html
  2. ^ http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=3856661&story_id=18330371

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

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