# Governance framework

- Canonical URL: https://www.gerhardmerk.de/governance-framework
- Post ID: 591651
- Modified: 2023-07-25T21:00:41+00:00
- Language: en

## Definition

The EU's so-called reform package, which came into force in mid-December 2011 with the aim of addressing the weaknesses in the Stability and Growth Pact that had come to light. - See devaluation, fiscal, bail-out, banking supervision, European, deficit financing ban, deficit ratio, demographic hardening, Ecofin Council, Eurobonds, Eurobonds, European Debt Agency, European Ministry of Finance, early warning law, peer pressure, default, budgetary pre-vote, European, crisis, central bank-influenced, Policy bracket, policy default, debt club, debt ratio, semester, European, solidarity, financial, sovereign debt reduction, sovereign debt pressure, Stability and Growth Pact, fundamental error, fiscal sustainability, transfer union, competitive status, international, monetary union 2, economic policy, European - Cf. ECB Monthly Bulletin, December 2011, pp. 107 ff. (presentation of the governance framework; sustained critique on individual measures). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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