Move to relax euro budget rules

In a Communication adopted on 3 September 2004, the European Commission advocates better interlinking the instruments for EU economic governance in order to enhance the contribution of budgetary policy to economic growth. The Commission also proposes that the Stability and Growth Pact (SGP) would benefit from an increased focus on the sustainability of public finances and increased recognition of the different economic situations in an enlarged Union of 25.

• Primary Source

European Commission: DG Economic and Financial Affairs: Activities http://ec.europa.eu/comm/economy_finance/about/activities_en.htm

European Commission: Speech: SPEECH/04/387 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/04/387&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Press Release: IP/04/1062 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1062&format=HTML&aged=0&language=EN&guiLanguage=en

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