The main function of the 1997 Stability and Growth Pact (SGP) was to
A) exclude a highly indebted EMU country
B) enhance cooperation between France and Germany.
C) tighten the fiscal constraints.
D) distribute the Euro banknote among European central banks and to create a timetable for the imposition of financial penalties on countries that fail to correct situations of "excessive" deficits and debt promptly enough.
E) determine specialized penalties for each member nation.
Correct Answer:
Verified
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