The new stability pact signed in 2011 by the nations that adopted the euro required each country to:
A)balance its budget annually.
B)keep its actual budget deficit below 3% of its GDP.
C)keep its structural budget balance to 0.5% or less of its GDP.
D)supply a certain amount of euros each year.

Question

Quizplus · Accepted Answer

The new stability pact, known as the Fiscal Compact, required countries to maintain a structural budget balance of 0.5% or less of GDP, focusing on long-term fiscal stability rather than annual balancing or specific deficit limits.

The New Stability Pact Signed in 2011 by the Nations