Press Release: Stability and Growth Pact: Commission issues guidance to encourage structural reforms and investment

On 13 January 2015 the European Commission presented detailed new guidance on how the existing rules of the Stability and Growth Pact should be applied to strengthen the link between structural reforms, investment and fiscal responsibility in support of jobs and growth.

The guidance was invested with three key aims:

- Encourage effective implementation of structural reforms;
- Promote investment, specifically in the context of the new European Fund for Strategic Investments (EFSI);
- Take better account of the economic cycle in individual Member States.

[check Related URL to know more about the EFSI]

European Commission: MEMO/15/3221, 13.01.15: Commission issues guidance to encourage structural reforms and investment – Frequently Asked Questions http://europa.eu/rapid/press-release_MEMO-15-3221_en.htm

ESO: Background information: Stability and Growth Pact http://www.europeansources.info/record/stability-and-growth-pact/

European Commission: Speech/15/3242, 13.01.15: Presentation of a Communication providing new guidance on the Stability and Growth Pact http://europa.eu/rapid/press-release_SPEECH-15-3242_en.htm

ESO: Background information: Delivery of €315 billion Investment Plan on track: Commission presents law for the European Fund for Strategic Investments http://www.europeansources.info/record/press-release-delivery-of-e315-billion-investment-plan-on-track-commission-presents-law-for-the-european-fund-for-strategic-investments/

EurActiv, 14.01.15: Commission to give some budget leeway to France, Italy http://www.euractiv.com/sections/euro-finance/commission-give-some-budget-leeway-france-italy-311242

EUObserver, 13.01.15: EU countries may run higher deficits if they invest, reform https://euobserver.com/economic/127193

Deutsche Welle, 13.01.15: EU gives deficit countries more flexibility to meet budget rules http://dw.de/p/1EJfi

Blog: Open Europe, 14.01.15: Fiscal flexibility unlikely to help those who wanted it most http://openeurope.org.uk/blog/fiscal-flexibility-unlikely-to-help-those-who-wanted-it-most/

ESO: Background information: European Commission assesses Draft Budgetary Plans 2015: seven Member States at risk of non-compliance http://www.europeansources.info/record/press-release-european-commission-assesses-draft-budgetary-plans-2015-seven-member-states-at-risk-of-non-compliance/

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