Stability and Growth Pact
E158739
The Stability and Growth Pact is the European Union’s fiscal framework that sets budgetary rules and deficit limits for member states to support the stability of the euro.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Stability and Growth Pact canonical | 8 |
How this entity was disambiguated
This entity first appeared as the object of triple T1377221 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Stability and Growth Pact Context triple: [European Union economic and monetary union, hasComponent, Stability and Growth Pact]
-
A.
Treaty Establishing the European Stability Mechanism
The Treaty Establishing the European Stability Mechanism is an international agreement among euro area member states that created the permanent bailout fund designed to safeguard financial stability in the eurozone.
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B.
Statute of the European System of Central Banks and of the European Central Bank
The Statute of the European System of Central Banks and of the European Central Bank is a foundational legal framework of the European Union that defines the structure, mandate, and operational rules of the ECB and national central banks in conducting monetary policy for the euro area.
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C.
European Union economic and monetary union
The European Union economic and monetary union is the EU framework that coordinates economic policy and establishes a single currency and monetary policy for participating member states.
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D.
European Stability Mechanism
The European Stability Mechanism is an intergovernmental financial institution of eurozone countries that provides financial assistance to member states in economic or financial distress to safeguard stability in the monetary union.
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E.
Single European Act
The Single European Act was a landmark 1986 European Community treaty that laid the groundwork for the EU’s single market by deepening economic integration and expanding supranational powers.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Stability and Growth Pact Target entity description: The Stability and Growth Pact is the European Union’s fiscal framework that sets budgetary rules and deficit limits for member states to support the stability of the euro.
-
A.
Treaty Establishing the European Stability Mechanism
The Treaty Establishing the European Stability Mechanism is an international agreement among euro area member states that created the permanent bailout fund designed to safeguard financial stability in the eurozone.
-
B.
Statute of the European System of Central Banks and of the European Central Bank
The Statute of the European System of Central Banks and of the European Central Bank is a foundational legal framework of the European Union that defines the structure, mandate, and operational rules of the ECB and national central banks in conducting monetary policy for the euro area.
-
C.
European Union economic and monetary union
The European Union economic and monetary union is the EU framework that coordinates economic policy and establishes a single currency and monetary policy for participating member states.
-
D.
European Stability Mechanism
The European Stability Mechanism is an intergovernmental financial institution of eurozone countries that provides financial assistance to member states in economic or financial distress to safeguard stability in the monetary union.
-
E.
Single European Act
The Single European Act was a landmark 1986 European Community treaty that laid the groundwork for the EU’s single market by deepening economic integration and expanding supranational powers.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
European Union fiscal framework
ⓘ
economic policy rule ⓘ treaty-based agreement ⓘ |
| adoptedInYear | 1997 ⓘ |
| aimsTo |
coordinate national fiscal policies
ⓘ
prevent excessive government deficits ⓘ support sustainable public finances ⓘ |
| allows | excessive deficit procedure ⓘ |
| appliesTo |
European Union member states
ⓘ
euro area member states ⓘ |
| basedOn |
Maastricht Treaty fiscal criteria
ⓘ
Treaty on the Functioning of the European Union ⓘ |
| criticizedFor |
complexity of rules
ⓘ
pro-cyclical effects on fiscal policy ⓘ |
| debtReferenceValue | 60% of GDP ⓘ |
| deficitLimit | 3% of GDP ⓘ |
| enteredIntoForceInYear | 1998 ⓘ |
| generalEscapeClauseActivatedInYear | 2020 ⓘ |
| generalEscapeClauseReason | COVID-19 pandemic ⓘ |
| geographicalScope | European Union ⓘ |
| hasComponent |
corrective arm
ⓘ
preventive arm ⓘ |
| hasFlexibilityClause |
exceptional circumstances clause
ⓘ
investment clause ⓘ structural reform clause ⓘ |
| hasPurpose |
to ensure fiscal discipline in the European Union
ⓘ
to support the stability of the euro ⓘ |
| implementedBy | European Commission ⓘ |
| isLinkedTo |
European Union economic and monetary union
ⓘ
surface form:
Economic and Monetary Union
euro area governance ⓘ |
| language | all official languages of the European Union ⓘ |
| legalBasisArticle |
Article 121 TFEU
ⓘ
Article 126 TFEU ⓘ |
| monitoredThrough | European Semester ⓘ |
| overseenBy | Council of the European Union ⓘ |
| providesFor | sanctions for non-compliant euro area countries ⓘ |
| reformedBy |
Six-Pack legislation
ⓘ
Treaty on Stability, Coordination and Governance ⓘ Two-Pack legislation ⓘ |
| reformYear |
2011
ⓘ
2013 ⓘ |
| requires | submission of stability or convergence programmes ⓘ |
| setsRuleOn |
government budget deficits
ⓘ
public debt levels ⓘ |
| subjectOf | reform debates in the European Union ⓘ |
| temporarilySuspendedBy | general escape clause ⓘ |
| usesIndicator |
medium-term budgetary objective
ⓘ
structural budget balance ⓘ |
How these facts were elicited
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You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: Stability and Growth Pact Description of subject: The Stability and Growth Pact is the European Union’s fiscal framework that sets budgetary rules and deficit limits for member states to support the stability of the euro.
Referenced by (8)
Full triples — surface form annotated when it differs from this entity's canonical label.