“It seems that the signing of a new fiscal pact by EU member states should have a beneficial effect on the subsequent conduct of economic policy in these countries. To the opinion of the European Central Bank the document represents a first step in a financial union creation - this project is actively discussed by the EU states.
It is unknown what exact financial mechanisms will be applied to countries whose budget deficit exceeds 3% of GDP. However, the imposition of sanctions is the most effective incentive to achieve financial stability within the EU”.
On the basis: www.ria.ru
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