STABILITY AND GROWTH PACT - SGP
Stability and growth pact (SGP) is a European Union agreement enacted in 1997 participated by 16 countries that utilize the euro currency. The primary purpose of the SGP was to create the rules that guaranteed equal participation of the countries in the maintenance of the euro. It does this through the enforcement of fiscal responsibility. One rule is the every country must keep their respective annual budget deficit that is only up to 3% of their respective GDPs. Another rule is that every country must have a national debt that is below 60% of their respective GDPs.
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Nouriel Roubini
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Daily Trading Limit
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Form 706-GS-D
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
