Euro Plus Pact

The Euro Plus Pact is an agreement among European countries that use the euro to work together on economic reforms. Its goal is to strengthen economic stability, improve financial health, and boost growth by coordinating efforts to reduce deficits, control public debt, reform labor markets, and increase competitiveness. Essentially, participating countries commit to measures that make their economies more resilient and ensure the euro area's overall stability, helping prevent crises and fostering sustainable development across member states.