The Stability and Growth Pact
Macroeconomic surveillance in the euro area
The Macroeconomic Imbalances Procedure (MIP) aims at preventing and correcting macroeconomic imbalances and to address the causes of persistent economic divergences within the EU. It is part of the European Semester.
Enhanced budgetary surveillance and coordination in the euro area
A new package of legislation, the Two Pack, entered into force in May 2013. Its objective is to improve the transparency and coordination of euro area member states' budgetary planning and decision making processes.
Euro exchange rate