| ENGAGEMENT OF
THE MEMBERS OF THE EUROPEAN UNION
With the Stability and Growth Pact, the EU Member States committed
themselves "to respect the medium-term budgetary objective of
positions close to balance or in surplus set out in their stability or
convergence programme..."
(Resolution of the European Council on the Stability and Growth Pact.
Amsterdam, 17 June 1997). |
THE
STABILITY PROGRAMME
According to this commitment, the Member states are required to submit each
year a stability programme (or a convergence programme in the case of
countries which have not adopted the euro) to the Council and the Commission.
(Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the
surveillance of budgetary positions and the surveillance and coordination of
economic policies).
Stability programme
2007-2010
|