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Relevant legal texts and guidelines

The legal basis of the Stability and Growth Pact (SGP) is Articles 121 and 126 of the Treaty on the Functioning of the European Union (TFEU); Protocol 12 of the Treaty gives further details on the Excessive Deficit Procedure, including the reference values on deficit and debt. Article 136 of the TFEU provides for specific provisions to be adopted for the euro area. It is the basis for a sanctions regulation for euro area Member States (included in the Six Pack) and the Two Pack Regulations, which include enhanced monitoring and surveillance in the euro area.

Treaty on the Functioning of the European Union (TFEU)

Secondary legislation

Other

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