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Consider the following statements

2023

GroupingsXRegional, International Relations

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

(a)

Only one

(b)

Only two

(c)

All three

(d)

None

Answer:

(a)

Explanation

st1 is right. The SGP limits the levels of the budgetary deficit of the countries of the European Union to 3% of GDP and public debt levels to 60% of GDP. st2 and st3 are wrong. SGP does not make the countries of the European Union to share their infrastructure facilities or technologies. The correct answer is (a). Only one statement correct.