The ‘‘Stability and Growth Pact’’ of the European Union is a treaty that: 1. limits the levels of budgetary deficit of EU countries 2. makes EU countries share infrastructure 3. enables EU countries to share technologies How many of the above statements are correct?

Options

1. Only one
2. Only two
3. All three
4. None

Correct Answer

Only one

Explanation

Only the first statement is correct — the Stability and Growth Pact sets fiscal rules for EU countries on deficit and debt limits.

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