• 12-MAR-2013

EP approves Two Pack, reinforcing Stability Pact

EP approves Two Pack, reinforcing Stability Pact
The European parliament in Strasbourg on Tuesday approved the so-called Two Pack measures aimed at strengthening the Stability and Growth Pact that imposes rules on national governments´ spending to avoid another financial crisis. EPP Group MEP Jean-Paul Gauzès, a rapporteur, says the measures will also serve as an early warning system to prevent future crises from excessive deficits.