Starting in 2011, spending plans and policy orientation of the members will have to take on the overall assessment and the EU economy and the EC must be reviewed before submitting this national parliaments through. Countries violating norms on the budget deficit and public debt will have to pay fines or cut off the subsidies from the regional development funds, funds of EU agriculture subsidies. Sanctions regime will automatically apply when violations occur, unless a majority of the member countries to veto.
The situation of fiscal and monetary world in the first 9 months of 2013 have evolved in a positive trend but still many potential risks. Fiscal risks in the short term has been significantly reduced thanks to the policy actions and market improved significantly, especially in developing economies. In the Eurozone, the adjustment of fiscal policy from the previous commitment, but the degree of tightening is gradually being reduced and instead of measures to support growth, especially unemployment are many countries view review.
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