Six-Pack legislation

E625508

Six-Pack legislation is a set of European Union fiscal and economic governance reforms introduced after the eurozone crisis to strengthen budgetary discipline and surveillance of member states.

All labels observed (1)

Label Occurrences
Six-Pack legislation canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf EU fiscal rules framework
European Union economic governance reform package
adoptedBy Council of the European Union NERFINISHED
European Parliament NERFINISHED
aimsTo reduce risk of future fiscal crises in the EU
strengthen credibility of the euro area
alsoKnownAs Six-Pack
appliesTo European Union member states NERFINISHED
euro area member states
basedOn Stability and Growth Pact NERFINISHED
composedOf five regulations
one directive
enteredIntoForceOn 2011-12-13
geographicalScope European Union NERFINISHED
hasPurpose enhancing economic policy coordination in the European Union
improving surveillance of fiscal policies of member states
preventing excessive government deficits
reducing macroeconomic imbalances in the EU
strengthening budgetary discipline in the European Union
introducedAfter eurozone sovereign debt crisis
global financial crisis of 2008
introduces earlier and more gradual sanctions for euro area countries
expenditure benchmark in EU fiscal surveillance
reverse qualified majority voting for certain sanctions in the Council
legalBasisInvolves Treaty on the Functioning of the European Union NERFINISHED
modifies Stability and Growth Pact NERFINISHED
monitoredBy Council of the European Union NERFINISHED
European Commission NERFINISHED
partOf EU economic governance framework NERFINISHED
policyArea economic governance
fiscal policy
macroeconomic surveillance
regulates budgetary frameworks of EU member states
correction of excessive deficits
prevention and correction of macroeconomic imbalances
surveillance of budgetary positions of member states
relatedTo Fiscal Compact NERFINISHED
Two-Pack legislation
requires independent fiscal institutions at national level
medium-term budgetary objectives for member states
national fiscal rules consistent with EU obligations
strengthens corrective arm of the Stability and Growth Pact NERFINISHED
preventive arm of the Stability and Growth Pact
timePeriod post-2010 EU economic governance reforms

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Stability and Growth Pact reformedBy Six-Pack legislation
EU economic governance framework reformedBy Six-Pack legislation