In 1997,the ________________ was negotiated to further tighten the fiscal constraint of participating countries in European Monetary Union.
A)Maastricht Treaty
B)Stability and Growth Pact
C)European Currency Unit
D)European Monetary System

Question

Quizplus · Accepted Answer

The Stability and Growth Pact was negotiated in 1997 to further tighten the fiscal constraint of participating countries in European Monetary Union. The Maastricht Treaty established the framework for the European Monetary Union, including criteria for joining, while the European Currency Unit was a precursor to the euro as a common currency. The European Monetary System was the predecessor to the European Monetary Union.

In 1997,the ________________ Was Negotiated to Further Tighten the Fiscal