Given that the EU is facing fierce competition from emerging economies and that the stability of public finances is vital for consolidating opportunities, fostering innovation and stimulating economic growth, which are fundamental elements of a European knowledge-based society, and considering that economic growth and sustainable public finances are a precondition for economic and social stability in the EU and for long-term fiscal consolidation, the current rules of the Stability and Growth Pact combined with their poor implementation have proved insufficient to ensure sound macro-economic and budgetary policies.
On otettava huomioon myös, että talouskasvu ja kestävä julkinen talous ovat ennakkoedellytys taloudelliselle ja yhteiskunnalliselle vakaudelle EU:ssa ja pitkän ajan julkisen talouden vakauttamiselle.