Sentences with phrase «euro area budget»

That agreement also upheld earlier limits to euro area budget deficits (3 percent of GDP) and public debt (60 percent of GDP).

Not exact matches

Enhanced supervision of the euro area countries» budget process by the EU Commission is part of the sovereignty transfer required by the fiscal compact — the founding document of the future fiscal union - agreed in late 2011.

The structure that is currently in place should ensure a balanced budget and growing surpluses over time, provided the significant downside risks in the U.S. and the EURO area do not materialize..

The 2012 Budget contained considerable discussion on the economic and political uncertainties in the EURO area and in the U.S. and rightly so, because these uncertainties are not just short - term uncertainties but medium and longer - term uncertainties as well.

How will the government respond in the budget to the uncertainty created by the short - and long - term fiscal crisis in the U.S., the on - going uncertainty over the recession in the EU and the continuing uncertainty over the future of the EURO area?

The government's current strategy is based on the hope that the EURO area will quickly recover from its 18 - month recession; that the US will find an agreement on a budget that will reverse sequestration and raise the debt ceiling; that emerging markets will become revitalized; that President Obama will agree to the XL pipeline; and that there will be a Canada - EU free trade deal.

More aid may be now within reach, but euro - area creditors consider the latest Greek budget measures a basis for further work rather than a done deal.