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Sixpack (European Union law)

Index Sixpack (European Union law)

The EU economic governance, Sixpack describes a set of European legislative measures to reform the Stability and Growth Pact and introduces greater macroeconomic surveillance. [1]

33 relations: Council of the European Union, Deficit spending, Economic and Financial Affairs Council, Economic and monetary union, Enhanced cooperation, Euro Plus Pact, Eurobonds, European Banking Authority, European Central Bank, European Commission, European debt crisis, European Financial Stabilisation Mechanism, European Financial Stability Facility, European Fiscal Compact, European Parliament, European Stability Mechanism, European Union financial transaction tax, Eurozone, Fiscal union, Government budget balance, Green paper, International Monetary Fund, Macroeconomic Imbalance Procedure, Macroeconomics, Member state of the European Union, Official Journal of the European Union, President of the European Central Bank, President of the European Commission, President of the European Council, Single Resolution Mechanism, Single Supervisory Mechanism, Stability and Growth Pact, Treaty of Rome.

Council of the European Union

The Council of the European Union, referred to in the treaties and other official documents simply as the Council is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union.

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Deficit spending

Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.

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Economic and Financial Affairs Council

The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 28 European Union member states, as well as Budget Ministers when budgetary issues are discussed.

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Economic and monetary union

An economic and monetary union is a type of trade bloc which is composed of an economic union (common market and customs union) with a monetary union.

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Enhanced cooperation

In the European Union (EU), enhanced cooperation is a procedure where a minimum of nine EU member states are allowed to establish advanced integration or cooperation in an area within EU structures but without the other members being involved.

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Euro Plus Pact

The Euro-Plus Pact (or Euro+ Pact, also initially called the Competitiveness Pact or later the Pact for the Euro), was adopted in March 2011 under EU's Open Method of Coordination, as an intergovernmental agreement between all member states of the European Union (except Croatia, Czech Republic, Hungary, Sweden and UK), in which concrete commitments were made to be working continuously within a new commonly agreed political general framework for the implementation of structural reforms intended to improve competitiveness, employment, financial stability and the fiscal strength of each country.

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Eurobonds

European bonds are proposed government bonds issued in euros jointly by the 19 eurozone nations.

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European Banking Authority

The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in London.

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European Central Bank

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world.

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European Commission

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

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European debt crisis

The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009.

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European Financial Stabilisation Mechanism

The European Financial Stabilisation Mechanism (EFSM) is an emergency funding programme reliant upon funds raised on the financial markets and guaranteed by the European Commission using the budget of the European Union as collateral.

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European Financial Stability Facility

The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis.

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European Fiscal Compact

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union; also referred to as TSCG or more plainly the Fiscal Stability Treaty is an intergovernmental treaty introduced as a new stricter version of the Stability and Growth Pact, signed on 2 March 2012 by all member states of the European Union (EU), except the Czech Republic and the United Kingdom.

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European Parliament

The European Parliament (EP) is the directly elected parliamentary institution of the European Union (EU).

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European Stability Mechanism

The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone Member States having ratified a special ESM intergovernmental treaty.

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European Union financial transaction tax

The European Union financial transaction tax (EU FTT) is a proposal made by the European Commission to introduce a financial transaction tax (FTT) within some of the member states of the European Union initially by 1 January 2014, later postponed to 1 January 2016, then to the middle of 2016 and then to September 2016.

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Eurozone

No description.

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Fiscal union

Fiscal union is the integration of the fiscal policy of nations or states.

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Government budget balance

A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year.

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Green paper

In the European Union, the Commonwealth countries, Hong Kong and the United States, a green paper is a tentative government report and consultation document of policy proposals for debate and discussion.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Macroeconomic Imbalance Procedure

The Macroeconomic Imbalance Procedure (MIP) was introduced by the European Union in autumn 2011 amidst the economic and financial crisis, and entered into force on 13 December 2011.

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Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

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Member state of the European Union

The European Union (EU) consists of 28 member states.

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Official Journal of the European Union

The Official Journal of the European Union (the OJ) is the official gazette of record for the European Union (EU).

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President of the European Central Bank

The President of the European Central Bank is the head of the European Central Bank (ECB), the institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU).

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President of the European Commission

The President of the European Commission is the head of the European Commission, the executive branch of the:European Union.

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President of the European Council

The President of the European Council is a principal representative of the European Union (EU) on the world stage, and the person presiding over and driving forward the work of the European Council.

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Single Resolution Mechanism

The Single Resolution Mechanism (SRM) is one of the pillars of the European Union's banking union.

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Single Supervisory Mechanism

The Single Supervisory Mechanism (SSM) is the name for the mechanism that grants the European Central Bank (ECB) a supervisory role to monitor the financial stability of banks based in participating nation states.

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Stability and Growth Pact

The Stability and Growth Pact (SGP) is an agreement, among the 28 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU).

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Treaty of Rome

The Treaty on the Functioning of the European Union (TFEU; also referred to as the Treaty of Rome) is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on European Union (TEU; also referred to as the Treaty of Maastricht).

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Redirects here:

Six Pack (European Union law), Sixpack (EU), Two Pack (EU law), Two Pack (European Union law), Two-Pack (EU law), Two-pack (European Union law), TwoPack (EU law), Twopack (European Union law).

References

[1] https://en.wikipedia.org/wiki/Sixpack_(European_Union_law)

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