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Growth and jobs

Efforts to ensure stability in the euro area and to deepen economic and monetary union are not an end in themselves, but rather a means to revive economic growth and employment in the euro area and across the European Union.

The EU's response to the crisis

Since 2008, the member states, the euro area and the European Union as a whole have taken a broad range of measures to ensure financial stability, support growth and employment and improve economic governance.

The Stability and Growth Pact

The Stability and Growth Pact governs fiscal discipline in the EU. Its rules aim to contain budget deficits and public debt levels. Although it applies to all EU members, it has stricter enforcement mechanisms for euro area countries.
 

Macroeconomic surveillance in the euro area

The Macroeconomic Imbalances Procedure (MIP) aims at preventing and correcting macroeconomic imbalances and to address the causes of persistent economic divergences within the EU. It is part of the European Semester.

Enhanced budgetary surveillance and coordination in the euro area

A new package of legislation, the Two Pack, entered into force in May 2013. Its objective is to improve the transparency and coordination of euro area member states' budgetary planning and decision making processes.

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Eurogroup

Find out more about the Eurogroup.

Summits

Find out more about the Euro Summits.

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