Stability pact



noun
1.
an agreement between the member states of the EU which have joined the single currency, the aim of which is to secure the currency’s stability by imposing fines on member states whose budget deficits exceed 3 per cent of their gross domestic product

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    [stey-buh-li-zey-shuh n] /ˌsteɪ bə lɪˈzeɪ ʃən/ noun 1. the act or process of stabilizing or the state of being stabilized. 2. Also called stabilization process. Photography. a process for making temporary black-and-white prints using special sensitized paper (stabilization paper) that can be rapidly processed through one or two solutions that quickly develop and stabilize the […]



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