Meaning Of The Word Stability pact

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Stability pact Meaning

Stability pact Definition
Stability pact Definition

What's The Definition Of Stability pact?

stability pact in British English
noun: an agreement between the member states of the EU which have joined the single currency, the aim of which is to secure the currency's stability by imposing fines on member states whose budget deficits exceed 3 per cent of their gross domestic product

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