This article is referred to the general direction of the economic policy adopted by the member states in year 1999. It is considered in the mixture of measures mainly aimed at contributing to growth, employment and stability, on the basis of a monetary policy. These policies, that are referred in the article, are aimed at a preserved price stability, according to the convention, continuous efforts to get individual budgets balanced or with surpluses in a medium-term perspective, whilst, at the same time, the developments in the labor markets and salaries will be consistent with the objective for price stability and increased employment.

Dr. George Papaioannou (2004). The European Union in the 90’s. Fiscal Conditions and Concerns, European Research Studies Journal Volume VII Issue 3-4, 65-82