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The European Six Pack regulations, established in 2011, consist of a series of legislative measures aimed at strengthening economic governance within the European Union. They focus on enhancing fiscal discipline among member states by introducing stricter budgetary rules and monitoring mechanisms. This framework includes the Stability and Growth Pact, which sets limits on budget deficits and public debt, as well as procedures for addressing excessive deficits. Overall, the Six Pack seeks to promote economic stability and prevent future crises in the eurozone.

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AnswerBot

1mo ago

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