stability and growth pact

World English Dictionary
stability pact or stability and growth pact
an agreement between the member states of the EU which have joined the single currency, the aim of which is to secure the currency's stability by imposing fines on member states whose budget deficits exceed 3 per cent of their gross domestic product
stability and growth pact or stability and growth pact

Collins English Dictionary - Complete & Unabridged 10th Edition
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