Find legislation relating to the EU's Stability and Growth Pact
The corrective arm of the Stability and Growth Pact ensures that Member States adopt appropriate policy responses to correct excessive deficits (and/or debts) by implementing the Excessive Deficit Procedure (EDP).
To ensure the coordination of fiscal policies among Member States sharing the euro as their currency and because economic policy is recognised by the EU Treaty as 'a matter of common concern', governments are required by European economic governance.
The European Commission Communications providing Member States with guidance on the conduct and coordination of fiscal policy.