Towle, W. Ray (contributor) - 2003
therefore agreed on the Stability and Growth Pact. The idea of
the pact is not only to promote stability by preventing the … overall debt level of the public sector must
be sustainable.
We regard the Stability and Growth Pact framework as a major … con-
stitution. For more than four years we have had a single currency, the euro. First, outsiders said EMU
would never …