EU economic governance “six-pack” enters into force

In December 2011, the reinforced Stability and Growth Pact (SGP) entered into force with a new set of rules for economic and fiscal surveillance. These new measures, the so-called "six-pack", consist of five regulations and one directive proposed by the European Commission and approved by all 27 Member States and the European Parliament in October 2010.

This change represents the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic Monetary Union almost 20 years ago. In line with the December European Summit agreements, the legislative package brings a concrete and decisive step towards ensuring fiscal discipline, helping to stabilise the EU economy and preventing a new crisis in the EU.

• Primary Source

ESO Records

Rehn insists Brussels bodies can oversee treaty http://www.europeansources.info/record/rehn-insists-brussels-bodies-can-oversee-treaty/

Memo: EU economic governance http://www.europeansources.info/record/memo-eu-economic-governance-2/

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