Von Jürgen Klute (GFS News)
By June, 23rd, a vast majority of MEPs will have made two important and contradictory decisions. Parliament will adopt a reform of the Stability and Growth Pact that will ensure that Member States that do not comply with EU goals for public debt reduction or structural reforms will face fines of around 0.1 % of GDP. Member States delivering misleading fiscal data will also be hit with heavy fines.