we propose reinforcing and growth packed framework both in its preventive and corrective dimensions broadening the surveillance of macroeconomic imbalances and competitiveness trends with
We propose reinforcing the Stability and Growth Pact framework, both in its preventive and corrective dimensions; broadening the surveillance of macro-economic imbalances and competitiveness trends within the euro area; introducing a 'European semester' to strengthen ex ante integrated economic policy coordination; and, finally, working towards a robust and permanent crisis resolution mechanism for euro area Member States in fiscal distress.
We propose reinforcing and Growth Pact framework, both in its preventive and corrective dimensions; broadening the surveillance of macro-economic imbalances and competitiveness trends within the euro introducing a 'European semester' to strengthen ex ante integrated economic policy and, finally, working towards robust and permanent crisis resolution for Member in distress.